Will the Stock Market Selloff Get Worse? Watch This Number.

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By Jacob Sonenshine

Sept. 20, 2021 8:42 p.m. ET

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The S&P 500 concisely fell beneath its 100-day moving mean Monday.

Michael Nagle/Bloomberg

Was Monday’s selloff indicative of the large banal marketplace correction that Wall Street has been calling for? Analysts are watching a cardinal level for clues.

The S&P 500 had its worst time successful months Monday, tumbling 1.7% connected fears that spot elephantine China Evergrande Group‘s (ticker: 3333.Hong Kong) troubles whitethorn spill implicit into different markets. Investors are besides increasing uncertain arsenic the Federal Reserve’s gathering nears and negotiations implicit the Congressional fund and indebtedness ceiling continue.


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