S&P 500 Slips Amid Tax Bill Talks - PressReach
5 Articles
5 Articles
S&P 500 Slide Explained: What Past Price Action Reveals About Market Dips
On Wednesday, only 4% of the S&P 500’s holdings logged gains — a pretty rare occurrence. Since the start of 2024, this has only happened three other times: August 5, 2024: The last day of the summer correction December 18, 2024: The Fed’s hawkish cut April 4, 2025: Tariffs Let’s recall that major trading lows were etched last August, and again just a few weeks ago in early April. The S&P 500 ($SPX) dropped 10% and 21%, respectively, from its pe…
US Tax Bill, Eurozone PMI & S&P 500 Technicals - Action Forex
European Session Recap European markets began the day on the back foot as market participants digested a proposed tax-cut bill that threatened to enlarge the US deficit. Opposition to President Trump’s tax plans and the growing deficit is impacting the bond market, with Treasury prices dropping on Wednesday and dragging down other U.S. assets. The […] The post US Tax Bill, Eurozone PMI & S&P 500 Technicals appeared first on Action Forex.
Dow, S&P, Nasdaq Futures Mixed on Tax Bill Win and Bitcoin Surge - Wall Street Pit
The U.S. House of Representatives passed President Trump’s tax bill, but concerns over the $36 trillion deficit and a potential budget bill adding trillions more fueled a sharp sell-off, with the Dow (^DJI) dropping 816 points and the S&P 500 (^GSPC) falling 1.61%. Treasury yields reflected fiscal unease, with the…
S&P 500 Slips Amid Tax Bill Talks - PressReach
The S&P 500 experienced a slight decline today as investors remained cautious amidst ongoing discussions in Congress regarding a new tax bill. The proposed legislation has stirred uncertainty in the market, leading to fluctuating investor sentiments. Market analysts suggest that while the bill aims to stimulate economic growth, its potential implications on corporate earnings are causing concern. As the debate continues, treasury yields have sur…
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