Half of the 500 largest US stocks fell 20 percent or more

The S&P 500 index grew by 2.3% in the third quarter, but that number hides a lot of pain. An Investment Committee member looked at the 500 largest companies in the United States. More than 50 percent of those stocks are actually down 20 percent or more from their highest price ever. The market is split between a few big winners and many losers. "And holy moly was that misleading." When only a few stocks go up, it means most businesses are not sharing in the growth. A high score does not always mean the whole team is winning.