PremiumAs Stocks Crater Below Key Support Level, A Glimmer Of Hope Emerges For The Bulls
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At the turbulent end of a rollercoaster week for US stocks which saw non-stop - and often conflicting - tariff headlines send the S&P 500 into a tailspin, the largest stock index now finds itself below arguably the most important technical level.
The benchmark, which is now down 7% from its all time high hit just 3 weeks ago on Feb 19, is on pace for its worst weekly loss in almost two years, ending Thursday 1.8% lower and already down more than 1% on Friday, as no stop tariff headlines have crushed sentiment (in line with what Trump wants, because as he has made it quite clear, a quick recession is precisely what the president needs).
