S&P 500 remains supported above 4600, on course for healthy monthly gains, despite modest profit-taking By Frank_Macro SP500 Equities
for Fed policy and the US economy. The S&P 500, which rallied nearly as high as 4640 on Tuesday, is back to trading near the 4600 level, having dropped about 0.5% as optimism about Russo-Ukraine peace negotiations wanes somewhat after continued Russian assaults across Ukraine.
Meanwhile, US data was robust and deemed by investors as supportive of expectations for a 50 bps rate hike from the Fed in May. Expectations for faster Fed tightening has pushed key parts of the US yield curve towards inversion recently, a worry for investors as yield curve inversions have accurately forecasted recessions in the past. Both of these have also been cited by investors as reasons for profit-taking and the modest downturn on Wednesday.
That means the index is on course for its first negative session in five and only its third since 15 March. Indeed, since that date, the index has rallied a stunning roughly 9.5% and, as the month-end approaches, is on course to post a monthly gain of about 5.3%. The S&P 500 is thus on course to post a quarterly loss of about 3.3%, the worst quarterly performance since H1 2020. But that masks the fact that the index was able to recover over 11.
Looking at the other major US indices; the tech-heavy Nasdaq 100 index was last down about 0.7%, though remains robustly supported to the north of the 15,100 mark after the index hit its highest level since mid-January on Tuesday in the 15,200s. On the week, the index still trades about 2.5% higher, as the month-end approaches, gains since the end of February stand at about 6.3%. That strong monthly gain means the Nasdaq 100 is on course to end the quarter with losses of about 7.
Finally, the Dow was last down about 0.2% and remains robustly supported above the 35,000 level, putting it on course to end the month with gains of about 3.9% and quarterly losses of about 5.0%. The CBOE S&P 500
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
U.S. stocks end higher Tuesday, S&P 500 exits correction territoryU.S. stocks finished higher Tuesday, with the S&P 500 exiting correction territory after a little over a month, as investors turned more bullish on hopes for...
Weiterlesen »
Mango's Hollywood-approved coat with a 500-person waiting list is back in stockA Mango wool coat worn by Alexa Chung, Sienna Miller and Katie Holmes has a 500-person waiting list. Shop one of the best Mango coats ever now.
Weiterlesen »
Stock futures edge lower after Dow and S&P 500 notch a fourth straight day of gainsU.S. equities futures edged lower Tuesday evening after stocks extended their rally in the previous session.
Weiterlesen »
500 pound bear living near Tennessee college relocated to Cherokee National ForestThe bear, nicknamed Big Bruin, was safely released to a 'remote area' of the Cherokee National Forest some 40 miles away from the school.
Weiterlesen »
S&P 500 rallies for third straight dayStocks on Wall Street rallied in a late rally on Monday as big tech names supported the Nasdaq, the S&P 500 and the Dow. At the same time, investors c
Weiterlesen »
500 pound black bear living near Tennessee college relocated national forestThe bear, nicknamed Big Bruin, was released on Wednesday to a 'remote area' of Cherokee National Forest, which is located about 40 miles away from it was captured.
Weiterlesen »