The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week.
Stocks struggled to move forward in the past week. With Friday’s sell-off, the major indexes closed out the four-day period with losses. That was disappointing to investors looking for a similar upside to the week before Memorial Day during which the S&P 500 gained about 6.5%.
While the S&P 500 briefly dipped into a bear market on May 20, it has not closed with a 20% decline from its high. However, Sonders said the current situation is the equivalent of a bear market, based on the sharp declines in individual stocks.
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