S&P 500 to likely stage a year-end rally - BofA
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Dow Jones, Nasdaq, S&P 500 weekly preview: More room for correction in October
October 2, 2023 4:44 AM EDTThe S&P 500 (SPX) recorded the fourth consecutive weekly drop candle after falling 0.7% last week. The index printed the lowest level since the end of May as stocks responded to another bond market selloff.
The Nasdaq Composite Index (IXIC) ended the week flat, despite also plunging below 13000 for the first time in 4 months. Finally, the Dow Jones Industrial Average (DJI) index fell as much as 1.3% after testing an important daily support in the context of the 100 daily moving average.
We're not surprised by the message that the policy rate may stay higher for longer. However, we're also not... More
