Previous close | 231.99 |
Open | 232.00 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 270.00 |
Expiry date | 2024-06-21 |
Day's range | 231.99 - 232.00 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Six of the largest tech companies are expected to see earnings growth slow over the next year, leaving room for other companies to lead the next leg of the stock market rally, UBS analysts say.
After a strong market rally to start 2024, investors haven't been impressed by corporate earnings so far this season, even when they've been solid.
The S&P 500’s descent below the 5,000 mark marks a two-month low, bringing the index’s worst monthly performance since December 2022 into sharp focus. After closing in the red for the last six sessions, the index — tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY) — is currently facing its worst losing streak since September 2022. Furthermore, prices have slipped below the 50-day moving average, a bearish signal that may foretell further downturns. As the market closed last Friday, the S&P 500’s