Global stock markets have been hit hard this year, but few as severely as the US. With its outsized exposure to the world’s largest technology companies, the US has taken the brunt of the crushing selloff in high-growth stocks amid the investor flight from pricier, riskier segments of the market.
The broad US market, represented below by the FTSE USA index, fell 9% in April, marking one of its worst monthly performances of the past decade and nearly four times the percentage loss of the FTSE All-World ex US index for the month. The US now ranks at the bottom of global performance scoreboard for the year so far.
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