The S&P 500 closed at its lowest level since June 7 on Tuesday, and the brunt of the selling has been in technology.
Nineteen trading sessions have come and gone in August without a single back-to-back gain in the S&P 500.
A selloff in U.S. stocks gained momentum last week, with the S&P 500 posting its first three-week slide since February.
The S&P 500's advance has defied consensus expectations for losses to start 2023 before an eventual rebound.
A gauge that measures the environment for IPOs has surged since the fall.
The rally this year defied consensus expectations for more losses at the start of 2023.
The worst of America's economic pain appears to have happened months ago, according to a this Bloomberg index.
The outflows come as uncertainty brews about the staying power of this year's rally in the S&P 500.
The market is awaiting signals from the Fed and the release of new economic data.
A surprising rise in gas and used-car prices last month may interrupt the trend of decelerating inflation.
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