H&W in the Media
Stocks plunge on global-growth fears; Dow enters correction
A measure of implied volatility on the S&P 500, the CBOE Volatility index jumped 24% to 23.82, or 85% over the week, the largest weekly jump ever.
The small-cap Russell 2000 RUT, -2.98% fell 15.74 points, or 1.3%, to close at 1,156.79 and entered correction territory, having pulled back 10.7% from its all-time high.
The stock beatdown has some analysts looking for a snapback.
“While we would like to see a 10% or more correction in the market, it is unlikely, as there are too many people who have been sitting on the sidelines and will be trying to buy this dip,” said Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management.
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