Washout: Stocks Continue to Sag After Falling Four-Straight Sessions - Costco Wholesale (NASDAQ:COST), Broadcom (NASDAQ:AVGO)

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Washout: Stocks Continue to Sag After Falling Four-Straight Sessions - Costco Wholesale (NASDAQ:COST), Broadcom (NASDAQ:AVGO)

(Wednesday Market Open) The market didn’t get the memo that this was supposed to be a quiet week. Instead, Monday and Tuesday saw steep losses for the major indexes, including the worst two-day stretch for the S&P 500® index (SPX) since November 1-2. That previous sell-off corresponded with the dates of the last Federal Open Market Committee (FOMC) meeting. Perhaps not coincidentally, this dive comes just a week before the next FOMC meeting. The…