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Market analysis: S&P 500, Nasdaq 100 Prices, Charts, and Analysis
Bear market rallies seen in S&P 500 and Nasdaq 100.
Thursday could see heightened volatility on Q1 earnings and US GDP releases.
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The US stock markets are pulling back some on Tuesday’s heavy losses in early European trade with the S&P 500 around 60 points higher than yesterday’s close, while the Nasdaq 100 is 300 points above Tuesday’s nadir. Increasing fears that the Fed’s hawkish monetary policy may hit US growth hard in the coming months, as interest rate hike expectations continue to bite, and some worrying corporate earnings releases have sent US indices tumbling. The S&P 500 printed a fresh five-week low on Tuesday while the Nasdaq 100, already in bear market territory, traded at its lowest level seen since March 2021. Both pullbacks look like traditional bear market rallies that are normally seen after heavy sell-offs, and lower prices are likely going forward.