After the recent ugliness, a snapback may be in the cards. Here are the industries—and stocks—that could lead the wayLast week was an ugly one for the stock market. The Standard & Poor's 500-stock index fell 3.7%, while the Nasdaq, S&P MidCap 400, and S&P SmallCap 600 indexes declined 6.5%, 2.8%, and 3.4%, respectively. What's more, 110 (85%) of the 129 subindustries in the S&P 500 fell during the week.
It doesn't get much worse than this. In fact, since S&P introduced the Global Industry Classification Standard in 1995, more than 85% of the subindustries have declined for a full week only six times—the highest reading was 98%, recorded on July 27, after which the S&P 500 gained 7.3% before the trend again turned against us.
A Little Perspective
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