Stocks fell on Monday.
The S&P 500 fell 0.7 percent. The index is now down more than 2 percent from its peak reached on 21 May.
The Dow Jones Industrial Average fell 0.5 percent and is now down for the year.
Elsewhere, the European STOXX 600 index fell 0.9 percent. The German DAX 30 index in particular fell -1.2 percent and is now down 10 percent from its closing peak in April.
The recent trend has also not been very favourable. According to Bloomberg, market breadth has been thinning. About 59 percent of stocks closed above their 200-day moving averages at the end of last week, the lowest percentage in eight months.
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