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[Markets] Panic-like selling emerges Friday afternoon as stock market's drop gathers steam in last hour of trade Trading in New York Stock Exchange-listed stocks on Friday were exhibiting panic-like-selling behavior to end a turbulent week of trading, featuring two days of congressioal testimony from Federal Reserve Chairman Jerome Powell and a trove of key economic reports. The NYSE Arms Index, a volume weighted breadth measure that tracks the ratio of advancing stock to declining stocks over the ratio of advancing volume over declining volume, was showing a reading of 2.182 for NYSE-listed shares. Many t Published:7/16/2021 2:28:05 PM
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