S&P 500 remains in a broader downtrend, driven by persistent economic uncertainties and inflationary pressures. Despite a recent correction, with the SPY rising approximately 2.5% from $551.23 on April 25 to $565.00 on May 9, this uptick may be temporary, as market sentiment and macroeconomic indicators suggest ongoing volatility and potential further declines
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.