BTIG warns of a 5% stock market pullback in the coming weeks

The S & P 500 suffered its first three-day decline since early September.

thinks there may be more near-term downside ahead. Chief market technician Jonathan Krinsky noted a "decent probability" the broad market index could fall as much as 5% to roughly 5,500 in coming weeks. The S & P 500 has pulled back this week from record highs reached just Oct. 17. On Wednesday, the benchmark used by most professional investors closed at 5,797.42. Krinsky pointed to the recent move higher in Treasury yields as the key catalyst.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market headed for first winning September in 5 years, but don't get too comfortableThe S&P 500 is heading for its first positive September since 2019.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market today: S&P 500 slips as Treasury yields jump; tech earnings eyedStock market today: S&P 500 slips as Treasury yields jump; tech earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 closes above 5,800 for first time ever as banks rallyStock market today: S&P 500 closes above 5,800 for first time ever as banks rally
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 closes lower as spike in Treasury yields weighStock market today: S&P 500 closes lower as spike in Treasury yields weigh
Source: Investingcom - 🏆 450. / 53 Read more »