S&P 500 Sets Record Ahead of Fed Decision As shown by the S&P 500 index chart (US SPX 500 mini on FXOpen), yesterday's trading saw the index hit a new intraday high of 5,678.9, surpassing the previous record of 5,677.5 set on 16 July. However, the bulls were unable to maintain this historic peak, which is a negative sign, suggesting the possibility of a bear...
S&P 500 Rises Following Inflation Data Release Historically, September has been the worst month for the S&P 500 (US SPX 500 mini on FXOpen), and the start of the month reflected this trend, with the index dropping around 4.5% from 1 to 6 September, indicating bearish sentiment. However, yesterday's event — the release of the Consumer Price Index (CPI) — may...
September – The Worst Month for the S&P 500 August was a turbulent month for the US stock market. On the 5th, the S&P 500 (US SPX 500 mini on FXOpen) experienced its largest daily drop since 2022, falling by 3%. However, the index ended August up by 3.7% and is now just 0.3% below its all-time high of around 5672 set in July. What can we expect in September?...
The S&P 500 Index Approaches Historic High On 2 August, we analysed the S&P 500 (US SPX 500 mini on FXOpen) chart, where we: → Constructed an ascending channel A-B with a median line shown as a dotted line; → Highlighted the risk of a bearish breakout (as indicated by the red arrow). Since then: → The price dropped by more than 5% to the 5 August low, doubling...
S&P 500 Index Price Falls Amid Negative News Yesterday, disappointing news about the US economy was released. According to ForexFactory: → The ISM Manufacturing PMI fell from 48.5 to 46.8 (analysts expected a rise to 48.8), indicating a decline in industrial production. → The number of unemployment benefit claims reached 249,000 – the highest in 12 months. As a...