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.

Friday,...


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