S&P 500 Falls as Fed Fears, Unemployment Rattle Investors, Sending Amazon, Retail, Real Estate Stocks Down
After yesterday's S&P 500 Index (SNPINDEX: ^GSPC) 16-point sell-off ended a multi-day streak of gains, today's 0.85% decline will be just the second time in September the index has fallen in consecutive days. The biggest loser today is real estate, with 29 of the 31 real estate investment trusts (REITs) in the S&P 500 down today. Joining real estate in a big sell-off today was the consumer discretionary sector, especially retail stocks like e-commerce giant Amazon (NASDAQ: AMZN), home improvement giant Lowe's (NYSE: LOW), and fast-casual burrito seller Chipotle Mexican Grill (NYSE: CMG).
