The S&P 500 will fall to 1,232 by the end of the month, marking the bottom of a...

|By:, SA News Editor

The S&P 500 will fall to 1,232 by the end of the month, marking the bottom of a “modest correction,” according to Birinyi Associates, which measured 5% drops since 1945. When the S&P 500 loses 5% during a rallying period, the decline lasts an average of 41 days and extends to 8.3%; since the S&P peaked this year at 1,343 on Feb. 18, it has fallen 6.4%.