The S&P 500 Index’s 50-day moving average has crossed below its 200-day average, forming a "death cross", a technical indicator that historically precedes market downturns, though not always with certainty.
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On Sunday, research analysts at Citi revised their 2025 year-end price target for the S&P 500 down to $5,600 from $6,500. The revision was prompted by a decrease in expected earnings per share (EPS) for the current year.
During Asian trading session this morning, contracts tied to US stock indices rose on the Donald Trump administration's decision to provide some relief for the electronics sector and exempt its goods from new import tariffs.
A decrease of the indicator value may contribute to the fall in quotes of S&P 500.
Peter Berezin, chief strategist at BCA Research, warns that the S&P 500 index could extend its decline, pressured by record-high tariffs and a slowing US economy. BCA Research maintains its forecast at 4,450 points with the potential to drop to 4,200 points by the year-end.
Event announcement S&P 500
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