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To: The Ox who wrote (4659)

1/12/2016 4:57:05 PM

From: The Ox

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EWZ - Brazil ETF goes back on reversal watch

To: The Ox who wrote (4659)

1/12/2016 5:00:33 PM

From: The Ox

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Nearly half of the S&P 500 is in a bear market
Published: Jan 12, 2016 4:11 p.m. ET

S&P 500 flips in and out of 10% correction territory

Everett Collection

By

WALLACEWITKOWSKI
REPORTER

After the S&P 500 flirted with falling into a correction — defined a 10% drop from a recent high — nearly half the stocks on the index have losses that are double that, putting them firmly entrenched in bear-market territory.

At the end of Tuesday trading, 237 of the S&P 500 Index’s SPX, +0.78% components were down 20% or more from their 52-week highs. Meanwhile, the index as a whole slipped in and out of correction territory. The index touched an intraday low of 1,915.45, with 1,921.24 marking that 10% threshold, but closed up Tuesday at 1,938.68.

The last time the S&P 500 closed with a 10% correction was Sept. 4.

Underscoring the breadth of the market’s recent losses, only one of five S&P 500 stocks isn’t in correction territory.

Here’s a breakdown of how some of the heaviest-weighted stocks have performed:

The megacap bears:

Company/ticker	Market cap (in billions)	% off 52- week high
Apple Inc. AAPL, -0.26%	$546	26%
ExxonMobil Corp. XOM, +2.05%	$307	20%
Wal-Mart Stores Inc. WMT, -0.93%	$206	30%
Chevron Corp. CVX, +1.71%	$152	28%
Oracle Corp. ORCL, +1.23%	$147	22%
Citigroup Inc. C, +0.06%	$140	23%
Gilead Sciences Inc. GILD, +0.62%	$139	21%
International Business Machines Corp. IBM, -0.25%	$129	25%
AbbVie Inc. ABBV, +1.78%	$88	23%
Kraft Heinz Co. KHC, +1.33%	$88	20%

The best-performing megacaps

Company/ticker	Market cap (in billions)	% off 52- week high
Alphabet Inc. GOOG, +1.40%	$498	7%
Microsoft Corp. MSFT, +0.92%	$418	7%
General Electric Co. GE, -0.24%	$289	9%
Johnson Johnson Inc. JNJ, +0.69%	$270	8%
AT&T Inc. T, -0.15%	209	7%
Coca-Cola Co. KO, +1.30%	$181	4%
Visa Inc. V, +1.14%	$179	8%
Home Depot Inc. HD, +1.36%	$159	6%
PepsiCo PEP, +0.18%	$142	6%
Philip Morris International Inc. PM, -0.09%	$138	1%
Altria Group Inc. MO, -0.13%	$117	4%