Analysis- Overdue Pullback in US Stocks to Test Dip-Buyers Resolve usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The first sharp pullback for U.S. stocks in half a year is leaving investors wondering whether to buy the dip or hold out for more declines. Following several turbulent weeks, the S&P 500 is down more than 5% from its March 28 closing high, its biggest retreat since October. Many market participants believe the factors that drove the S&P 500 to a 10% gain in the first quarter - including resilient economic growth and excitement over artificial intelligence - remain in place and will support stocks over the long term.
The first sharp pullback
for U.S. stocks in half a year is leaving investors wondering
whether to buy the dip or hold out for more declines. Following several turbulent weeks, the S&P.
Powell reaffirmed in a speech on Wednesday that the Fed will stick to its wait-and-see approach as it considers when to start cutting rates given the continued strength of the U.S. economy and recent higher-than-expected inflation data.