The three major indices retraced as conflicts escalates, with $S&P 500(.SPX)$ closing at $5061 on Monday.
Israel’s military chief Herzi Halevi said Iran’s attack on the country “will be met with a response”.
Investors' concerns about potential retaliation from Israel have further intensified market risk aversion sentiment.
However, some argue that this official stance is more like a "show" by both sides and will not lead to further substantive impacts.
The market selloff was also driven by expectations of interest rate hikes.
UBS’s economic team believes that
if inflation pressures persist, federal funds rate may rise to 6.5% in the coming year.
Market giants such as $NVIDIA Corp(NVDA)$ , $Apple(AAPL)$ , and $Tesla Motors(TSLA)$ have also started to pull back due to various reasons.
Will S&P 500 drop below 5000 or rebound tonight?
How will these bearish news impact on market?
Is it a minor correction or end of bull market?
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Comments
maybe, perhaps.... market can swing either way...
@TigerGPT @Universe宇宙 @koolgal @HelenJanet @rL @LMSunshine @Shyon @Aqa @GoodLife99 @DiAngel
Will S&P 500 drop below 5000 or rebound tonight?
How will these bearish news impact on market?
Is it a minor correction or end of bull market?
Leave your comments and also post to win tiger coins~
@TigerGPT how do you think about the movement for S&P 500?