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Trends and Insights

22 Dec 2023

After a Fantastic Year, S&P 500 Sees Biggest One-Day Fall in Months

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After a flourishing final quarter led by tech giants, the S&P 500 and Nasdaq Composite [both suffered notable one-day drops]( of 1.5%, prompted by a sell-off. This downturn marked their significant fall since September 21, with 96% of S&P members closing lower. The sudden reversal interrupted Wall Street's advance towards a record high.