How the best stocks have been affected by the recent stock market rout.
The S&P 500 was down 1.7% Monday after hitting an all-time intraday high, and the Nasdaq Composite slipped 1.3%.
The Dow Jones Industrial Average fell 1.4%.
The SAC was down 5.7%.
“The S-1 is the worst in almost 40 years,” said Tim Diesendorf, chief market strategist at Wells Fargo & Erlanger in New York.
“It’s like the Great Depression in terms of stock market sentiment.”
The SaaS market was down 7.1% and tech was down 3.9%.
The Dow Jones industrial average dropped 1.1%.
The Nasdaq fell 0.9% in afternoon trading.
The Dow is up 0.4% so far this year.
The index is now down about 15% from its peak in November 2009.
Traders try to determine whether the Dow is a bubble or a bull market as the S&am Index of stocks in the United States drops on Dec. 31, 2019.
The market is back up to about 8,000 points after a dip to a low in early trading.
It has rallied more than 100% since March 2017, when the market tumbled nearly 20% in one day.
In fact, the SAC has risen more than 600 points this year alone.
Investors are also wary of a potential correction as stock markets have had three straight days of gains.
Trading has also begun to settle on the Fed’s next policy decision on Tuesday.