News Formal

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

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 31 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

Nasdaq 100 News

S&P 500,S&P 500 Futures,CBOE Volatility Index

Stocks Analysis by Sunshine Profits (Paul Rejczak) covering: Nasdaq 100, S&P 500, S&P 500 Futures, CBOE Volatility Index. Read Sunshine Profits (Paul Rejczak)'s latest article on Investing.com

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

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.
Source: CNBC - 🏆 12. / 72 Read more »

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

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.
Source: CNBC - 🏆 12. / 72 Read more »

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
Source: Investingcom - 🏆 450. / 53 Read more »