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 Новости

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 450. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

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

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

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
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »