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Stockreport

Is the worst of the stock market turmoil over? [CBS News]

S & P GLOBAL INC (SPGI)  More Company Research Source: CBS News
Last s & p global inc earnings: 4/26 07:10 am Check Earnings Report
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PDF Is the worst of the stock market turmoil over? Is it safe to come out now? The stock market has found firmer footing following its breathtaking drop earlier this month, when the S&P 500 lost 10.2 percent in just nine days. Stocks climbed Tuesday for the third straight day, and the S&P 500 is now down 7.3 percent from its record high, set on Jan. 26. But investors have seen this playbook before. Even in past recoveries, it has sometimes taken months or more for momentum to fully turn around. Here's a look at what history shows about past corrections, and what market watchers are expecting going forward. A: Drops of 10 percent or more for stocks are regular occurrences but the speed with which this last correction struck was unusual. Only 19 times since World War II has the S&P 500 lost at least 10 percent in 10 days or fewer, according to strategists at UBS. Besides this month's sell-off, those rapid retreats include a drop in August 2015 sparked by worries about slowing economic growt [Read more]

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