Despite the recent volatility following the banking sector turmoil, the S&P has gained 6.58% year-to-date and 14.4% in the past six months. While the S&P 500 comprises some of the largest and most well-established companies in the world, I present two affordable S&P stocks, BorgWarner Inc. (BWA) and Tapestry, Inc. (TPR), which are trading under $50.
Following the wild swings of 2022, the S&P had been performing relatively well this year. However, the recent collapse of the US banking sector sent global markets into a minor panic. The sudden and mostly unforeseen banking crisis also caused high volatility in the stock market, which impacted the index’s performance.
