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Are Stocks Rebounding After the Recent Selloff?
The S&P 500 officially entered correction territory last week, falling more than 10% from its recent highs before rallying 2% on Friday. Analysts, including CFRA Research’s Sam Stovall, believe the market could find a floor near 5,400, implying a modest downside from Friday’s close. Despite the bounce, the Nasdaq remains in correction mode, down 12% from its peak.
Investor uncertainty continues as markets react to evolving tariff policies and concerns over corporate cost-cutting. Comments from officials indicate a willingness to accept near-term economic pain to push through structural changes, adding to market volatility.
Which Sectors and Stocks Are Moving?
The energy sector led gains, climbing 1.8%, followed by consumer staples and industrials, which rose 1.4% and 1.3%, respectively. Technology was a notable laggard, slipping 0.2%.
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