Could Your Broker Cause the Next Market Sell-Off?
Wednesday, Sept. 23 was an ugly day for the markets during an already ugly month. The S&P 500 shed 2.37%, the Nasdaq was down 3.02%, and the Russell 2000 fell 3.04%. There wasn't any specific single piece of news that brought the market down. It appears that a combination of a post-August hangover, anxiety about the upcoming election, end-of-quarter rebalancing, and a lack of a new stimulus bill are all playing roles in the current market downturn.
In addition, a smaller story regarding online broker Interactive Brokers (NASDAQ: IBKR) may have contributed to yesterday's decline, and could portend scarier things leading up to the election.
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Source Fool.com
