This Classic Sign of a Stock Market Top Just Happened
The stock market had a tumultuous Wednesday, falling prey to a late-day plunge that sent major market benchmarks down 2% to 3%. Coming just a day after a solid rebound from recent declines, the market's downward movement has a lot of investors nervous about whether we've seen a market top. The Dow Jones Industrial Average (DJINDICES: ^DJI) held up the best of the three major indexes, while the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite were down more sharply.
