The stock market passed a key test in the charts, but another threat looms

The S & P 500 has found support around a key technical level, dodging a negative signal for now, but it is interest rates that will drive the index in the near-term. With the closely watched 10-year Treasury yield below the psychological 4% level, stocks have been able to advance. The yield rose above that level for a period last week. At the same time, the S & P 500 was at risk of breaking below its 200-day moving average, a momentum indicator.

's Jonathan Krinsky said since 1950, the S & P 500 has never made new lows during a bear market, if it has been able to hold above the 200-day for a period of a month. That is the case now, even though the index temporarily dipped below that level last week before rising back above it. Chart analysts say the index would need to close below that level and hold there for it to indicate real negative momentum. But Krinsky said it is possible the S & P 500 could still break its lows.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

This fund is trouncing the S&P 500 by focusing on international stocksThe Third Avenue Value Fund has outperformed the S&P 500 in 2022 and the early months of 2023.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

U.S. stocks open higher as S&P 500 attempts to extend Friday’s gainsU.S. stocks opened higher Monday, with the S&P 500 up slightly, as major indexes attempt to extend sharp gains booked Friday. The Dow Jones Industrial...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »