India, Oct. 12 -- The US stock market is showing two very different pictures. The S&P 500 is close to a record high, but more than half of the companies in the broader US stock market have suffered sharp losses. This means the index looks strong even as many individual stocks struggle.

More than half of US stocks have fallen at least 20%. Data from Morgan Stanley show that 54% of companies in the Russell 3000 index have dropped at least 20% from their June 2026 highs. The Russell 3000 tracks a broad range of US companies.

Many companies have suffered even bigger losses. Almost 90% of Russell 3000 companies have fallen more than 10% from their June highs. Around 29% have lost more than 30% of their value, while 7% have fallen by more tha...