S&P 500: Correction Retraced, but Will Stocks See Further Upside?

gaining 0.16% and slightly extending its recent advances. The market reached a new local high of 5,239.66 and it was the highest since April 4. It has retraced almost all of its 311 points or 5.9% correction from the record high of 5,264.85 on February 28 to a local low of 4,953.56 on April 19.

contract. On Friday, it retraced some of the recent advances; however, it managed to come back closer to local highs, and this morning, it’s trading along the 5,250 level again.The S&P 500 is likely to remain close to its last week’s local highs after extending a rebound from late April low and retracing almost all of its 5.9% downward correction.

economic data isn't entirely negative, and strong earnings from companies may continue to fuel the bull market.”The S&P 500 is expected to trade along its local highs today as markets await key inflation data on Tuesday and Wednesday.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Changes are coming to the S&P 500 and Wall Street speculates these stocks could be addedThese stocks could be poised to join the S&P 500 when the broad index undergoes its next quarterly rebalance, according to some Wall Street analysts.
Fuente: CNBC - 🏆 12. / 72 Leer más »

S&P 500 Q1 earnings estimated growth improves; stocks up for weekS&P 500 Q1 earnings estimated growth improves; stocks up for week
Fuente: Investingcom - 🏆 450. / 53 Leer más »

These are the 10 most overvalued stocks in the S&P 500CNBC Pro screened FactSet data for stocks trading in the S&P 500 that have the largest premium valuation compared to history.
Fuente: CNBC - 🏆 12. / 72 Leer más »

S&P 500 Attempts to Resume Long-Term Bull Trend Ahead of Apple Earnings, Key DataStocks Analysis by Fawad Razaqzada covering: S&P 500, SPDR® S&P 500, Apple Inc. Read Fawad Razaqzada's latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »