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Investors look to earnings to reset bull market as S&P 500 tests key level
The key level traders are watching on the S&P 500 that could mean an even bigger decline is ahead.
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The key level traders are watching on the S&P 500 that could mean an even bigger decline is ahead. Get Mike Santoli's Market Memo in your inbox first. SUBSCRIBE HERE In a previous life, when I routinely shut down New York City bars, the end of Daylight Saving Time was an annual bonus, as 2am on a Saturday night instantly became 1am, leaving three more hours until closing time.
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Investors look to earnings to reset bull market as S&P 500 tests key level
Wall Street is looking to corporate earnings to reset the bull market as financial markets undergo several forms of late-cycle unease, according to CNBC's Mike Santoli. Traders are watching a key level on the S&P 500 that could mean an even bigger decline is ahead. The major averages rose on Tuesday as the tech sector trimmed early session losses, according to Yahoo Finance. Investors are seeking clarity from earnings reports to determine whether the current market weakness is temporary or signals a deeper correction. The S&P 500's performance around this key technical level will be closely monitored in coming sessions.
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