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U.S. stocks jumped in early trading, then zigzagged throughout the day. The broad S&P 500 closed down 13 points, or 0.2%, after trading as low as 0.9% lower midday.
Stocks could pull back as much as 10% in the next eight weeks, Fundstrat's Tom Lee said. He told CNBC that investors should be cautious ahead of Fed interest-rate cuts and the election.
U.S. stocks closed with mixed results on Monday, with the Nasdaq dropping as investors sold tech stocks amid expectations for few to no Federal Reserve rate cuts this year after Friday's strong ...
And the Vanguard Information Technology ETF (NYSEMKT: VGT), which focuses on stocks in the tech sector, posted a 14.8% drop. The plunge was led by some true heavyweights.
The S&P 500 peaked for the year at 4,796 on its January 3, 2022 close, before declining 25% to its low for the year in October 2022. [11] [12]In the first 6 months of 2022, the S&P 500 fell 21%, the worst 6-month start to a year since 1970.
That's one reason why Bank of America predicts nearly a 10% rise for the S&P 500 from current levels. "Earnings season, starting next week, is gonna be key to the market," said BofA equity ...
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...
If Threshold Level 2 (a 13% drop) is breached before 1 pm, the market closes for two hours. If such a decline occurs between 1 pm and 2 pm, there is a one-hour pause. The market would close for the day if stocks sank to that level after 2 pm; If Threshold Level 3 (a 20% drop) is breached, the market would close for the day, regardless of the ...