The S&P 500 closed at its highest level of the year on Tuesday.
Tuesday's uptrend trailed last week's blowout rally. However, continued modest gains instead of sharp pullbacks after a major upswing could signal more good news ahead, said Adam Sarhan, CEO of 50 Park Investments.
"The fact that it refuses to fall to me is extremely bullish," he said. "Normally, after a big run up, you see a market pullback, and when the market doesn't pull back and goes sideways, that to me is very bullish." A light period for economic data continues ahead of next week's Federal Reserve policy meeting, with trade balance data due out before the bell Wednesday. Earnings from
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
S&P 500 closes slightly lower on Monday after touching highest level since August: Live updatesThe S&P 500 dipped in late afternoon trading, erasing earlier gains that brought the benchmark index to trade at its highest level on an intraday basis in nine months. The Dow shed 0.59%. The S&P 500 dipped 0.20%. The Nasdaq was down 0.09%.
Consulte Mais informação »
Stock futures are little changed after the S&P 500’s best week since MarchInvestors are focused on what has so far proven the narrow breadth in the market in 2023, and looking ahead to PMI data Monday morning.
Consulte Mais informação »
U.S. stock futures show S&P 500 consolidating at 2023 highsThe S&P 500 on Monday was looking to consolidate at its best level since August having rallied in recent sessions on the removal of U.S. debt default fears.
Consulte Mais informação »
Stock market outlook: S&P 500 can rally 20% if it clears 3 hurdlesThe stock market could rally 20% through the rest of this year if it can clear 3 key hurdles, Fundstrat says
Consulte Mais informação »
S&P 500 ticks up on Tuesday to close at highest level in 2023: Live updatesThe S&P 500 advanced modestly on Tuesday as Wall Street digested a recent rally that led the broad index to its highest level in nine months. The Dow closed near flat. The S&P 500 gained 0.24%. The Nasdaq rose 0.36%.
Consulte Mais informação »
Stocks are little changed after the S&P 500’s best week since March: Live updatesU.S. stocks were little changed as traders digested a broad-based rally that pushed the S&P 500 to its best week since March and its highest level since August.
Consulte Mais informação »