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Stockton highlighted the 5,870 level in the S&P 500, arguing that a breakdown below that level would give way to a 5% sell-off to the 200-day moving average at about 5,555.
Here's what else happened today: The Fed won't cut rates at all in 2025 , Deutsche Bank says. The area of the stock market investors should avoid next year , according to Wells Fargo.
China's bond market seems skeptical that recent stimulus will be enough to revive its economy. US homes are turning over at the lowest rate in 30 years, according to data from Redfin.
Click here for in-depth analysis of the latest stock market news and events moving stock prices. Read the latest financial and business news from Yahoo Finance Show comments
Stocks closed higher on Wall Street at the start of a heavy week of potentially market-moving news. The Dow Jones Industrial Average rose 0.6% and the Nasdaq composite added 1.1%. This week ...
The Fed cut rates by 25 basis points, a smaller move compared to its September meeting. The central bank appears slightly more focused on inflation as CPI data remains sticky.