US equity markets have soured in September as reflected by the Russell US indexes, driven in large part by a pullback in the US Technology sector and losses in US technology stocks in recent weeks.
The US large-cap Russell 1000® Index, while still up 7.4% in 2020 and 10.5% in the third quarter, has lost 2.8% month-to-date as of US market close on September 15. And the US small-cap Russell 2000® Index is off 1.5% thus far in September, with a 7% gain in the third quarter and a 6.9% loss year-to-date.
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