Want this in your inbox each morning? Look out belowThe stock market had its worst day in months yesterday, with the S&P 500 index dropping nearly 6 percent. Yesterday’s plunge pushed the S&P 500 back below where it began the year (and more than 10 percent off its all-time high, set in February). • That said, futures suggest a pretty big bounce at the open, regaining about a third of yesterday’s fall. Broadly speaking, there are two schools of thought:📈 The steep decline during the early stages of the pandemic was a short-term, virus-induced stumble during a rally that began more than 10 years ago.

Source: New York Times June 12, 2020 10:47 UTC