fromLondon Business News | Londonlovesbusiness.com
1 month agoThe S&P 500 pulls back from record highs - London Business News | Londonlovesbusiness.com
The S&P 500 has retreated after approaching the historical high established in October this year. As the index once again tested this price level, market sentiment turned more cautious, as investors require additional confirmation that earnings growth can be sustained, inflation will not re-accelerate, and the Federal Reserve truly has room to ease policy without reigniting inflationary pressures. With these conditions still unclear, profit-taking has begun to emerge, resulting in the current technical pullback that warrants attention.