Intraday and real-time data on the S&P 500 Chart is taken from OTC product quotes.
As stock prices in the US and global markets lose ground, especially stock prices Magnificent 7, analysts and market consensus expect solid earnings growth from these companies. Given the recent price drops, is it possible that a new purchasing opportunity is being created? Let’s take a look at the data.
What caused the price of stock market indices to drop?
This month’s decelerations, highlighted by the predominantly US stock market, have fueled a new fear among market participants: the end of the stock rally of the last two years. A strong economy in the United States seems to fuel the idea that the Fed is forced to postpone further the first cuts in interest rates. This generated a first wave of profit taking, which caused a week of losses for the S&P 500 and the Nasdaq, mainly due to a decline in the price of big cap stocks, especially those called the “Magnificent 7”. […]
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