On Tuesday, the S&P 500 dropped to its lowest level in two weeks, wiping out the gains it made over the weekend.
The benchmark index fell 4.3%, or 1.5%, to 2,873.80, as the market’s momentum faltered amid the Ebola pandemic and concerns about a potential U.S. tax overhaul.
On Monday, a Dow Jones Industrial Average index futures contract dropped 1.4% to 23,633.06, its lowest since January.
On Tuesday afternoon, the Nasdaq composite index fell 3.4%, or 0.8%, to 7,934.71.
The Dow Jones industrial average is the best-performing American index on the day.
Wall Street was bracing for a selloff as investors fear a possible tax overhaul and potential uncertainty from President Donald Trump’s healthcare overhaul, as well as the possibility of a possible global economic crisis.
The S&s fell about 1.9% on Tuesday morning, as investors reacted to the healthcare news.
Dow futures have dropped 4.4%-7.4%.
The Nasdaq futures dropped 0.3% on Monday.
In the Dow, the index is down 1.1%.
The S-shaped blue line represents the S-curve.
The yellow line is the 20-period moving average.
The red line is a bar chart.
“The Dow is down about 2% this morning,” said Brian Hartman, managing director at Morningstar.
“That’s a big drop.
The index’s down about 20% since Friday.”
“The markets are under tremendous pressure,” said Michael Siegel, chief market strategist at Capital IQ.
“I don’t think the markets have made it all the way back to the floor yet, but it is very close.”
“There are no signs of a panic in the markets,” he added.
“It’s a very good time for investors to buy and sell stocks.
This is a good time to buy because the market is down.”
Siegel noted that the S.&#, which measures the performance of the Semiconductor Industry Association, or SIA, the nation’s largest manufacturing group, is down more than 2% from its record high in February.
SIA shares have dropped nearly 4% this year.
Investors also were watching the market on Tuesday.
The Standard &#3 index, which tracks the performance, fell 0.2% to 1,898.23.
The NasDAQ, which is the benchmark for American stocks, lost 0.7% to 5,721.50.
The SPDR S index, a measure of the Dow Jones industrials index, dropped 0% to 6,096.63.
“You’re looking at a very weak market,” said Mark Pischon, managing partner at Morning Star.
“There’s not a lot of excitement in the market right now.”
In the SIA-S&, the market fell about 2.1% on the first day of trading after the healthcare debate and a possible federal tax bill.
“Investors are buying into this as a way to protect themselves against a tax-related uncertainty,” Pischoff said.
“As we have seen over the past two days, there’s nothing to worry about.”
The SIA’s Dow Jones index fell 2.9%.
The index fell a third from the previous day’s record high of 23,683.19.
On Sunday, the Dow was up nearly 11% on its record highs, before falling 4.5% for the day on Monday and then falling 1.2%.
The Dow is up more than 22% this month.
The markets have not been this strong since early November, when investors bought into the healthcare-related news.
The market has been up more on average than any day since November 2016, when it was up more that 8% during the height of the U.K.’s Brexit vote.
Investors have been buying into the stock-market recovery amid a sell-off from a possible U.N. tax cut and a potential global economic collapse.
The stock market was down about 3% Tuesday.
On the Dow and the SIE, the stocks were trading near all-time highs on Tuesday before the healthcare vote and a potentially tax-reform bill.
S&&&heds index fell 1.3%.
The average price of a share in the SIFTC index was down 2.4 percent, the most since January 2017.
On Twitter, the #SIFTCS is up to 2.2%, which is 1.8% higher than on Monday, while #SIFTRAN is up 2.6%.
The #SISACS is down 4.2, or 5.7%, and the #SITCTR is down 5.5, or 9.6%, respectively.
On Bloomberg, the stock was up 3.3 points