S&P 500 Has Scope for Further Downside as Oil Prices Rise -- Market Talk
Dow Jones03-30 11:36
0336 GMT - The S&P 500 has scope for further downside amid still-rising oil prices, Phillip Securities Research's Paul Chew says in commentary. Since the Middle East conflict started, the S&P 500's drop to its trough was 7.9%, the head of Research notes. This fall compares with the index's 17% decline to its trough during the Kuwait war and the Russia-Ukraine war, he says. Hence, "there is room for further downside, especially with the oil prices still climbing," Chew adds. The eMini S&P 500 futures are 0.1% lower, FactSet data show. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 29, 2026 23:36 ET (03:36 GMT)
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