Following its worst week in over five years, the S&P 500 staged a significant recovery, posting its best week since November 2023 with a 5.7% gain. This rebound was largely fueled by Wednesday's dramatic 9.5% surge, its biggest single-day increase since 2008.
Despite all the doom and gloom, the SP500 is still not in a bear market and should be able to rally to, ideally, $6,738-7,121 over the coming months.
Heading into earnings season, Q1 growth expectations were revised down by 4.3 percentage points. A key driver of estimate downgrades heading into the quarter appears to be weaker-than-usual forward guidance. The Magnificent-7 are still expected to play a large role in Q1, but the trend is pointing towards a relative rotation into the S&P 493.
“As tariffs are implemented, they will have negative consequences for corporate earnings over the coming months,” notes Apollo Chief Economist Torsten Slok.
Trump tariffs will approach the $1 trillion tax-hike threshold if reciprocal tariffs and an extra 50% tax on Chinese imports take effect at midnight. The post Trump Tariffs: Clock Ticks Down To Nearly $1 Trillion Tax Hike At Midnight; S&P 500 Erases Gain appeared first on Investor's Business Daily.
SPY, IVV and VOO are battling for the position of the world???s top ETF amid wild swings in the S&P 500.
The S&P 500 began the week with three straight daily gains but then “Liberation Day” led the index to its two worst days since March 2020. The index fell 9.1% this week and has re-entered correction territory, sitting 17.42% below its record close from February 19th, 2025.
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“tariff increases will be significantly larger than expected'
Wall Street's biggest bear says the S&P 500 will need to drop below 4,200 before he'd recommend overweighting stocks.
According to Michael McDonough, Thursday and Friday were the 16th worst 2-day period for the S&P 500 in history.
CNBC's Jim Cramer predicts the S&P 500 could drop to 4,000 amid the market collapse that has followed President Donald Trump's tariff announcement.