Shares of movie-theater chain AMC tanked over 30% on news last Friday that rival company Cineworld is reportedly filing for bankruptcy as attendance struggles to recover from pandemic lows. Meme stocks like Bed Bath & Beyond and AMC Entertainment, which made a comeback during this summer’s rally, plunged on Monday. Since then, the S&P 500 rallied nearly 15%, though a more than 3% decline last week ended the benchmark index’s recent streak of four consecutive weeks of gains. The stock market fell roughly 20% in the first half of this year, plunging into bear market territory before reaching a low point on June 16. “Last week brought an end to the late summer winning streak that saw stock markets recover a significant-and some would argue overly so-portion of the losses endured this year,” explains Craig Erlam, senior market analyst at Oanda. “Rallies can’t go on forever, so the pullback shouldn’t surprise anyone, but if the bulls don’t get back on the field soon, the S&P 500’s chart will only look increasingly worse,” the firm predicts. Hydration Nation 1 Gallon Water Bottle With Motivational Timer Reminder - Pink Staying hydrated can be crucial especially if you're the type of person whose day is occupied with a lot of work and other activities. The summer gains look like a “textbook example of a bear market rally,” which appears to be “grinding to a halt,” according to Bespoke Investment Group.

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