Stock market faces elusive pullback as coronavirus, financial headwinds swirl

A developing refrain of Wall Avenue strategists is warning the U.S. stock current market is ripe for a pullback as the COVID-19 delta variant spreads across the world amid the most complicated two-month stretch for buyers. 

The S&P 500 has rallied 96% considering the fact that bottoming on March 23, 2020, reserving 61 record highs together the way. The benchmark index has throughout the rally prevented a correction, or drop of at least 10%, which occurs an normal of after a 12 months. 

Ticker Protection Past Change Transform %
SP500 S&P 500 4395.26 -23.89 -.54%

Strategists are growing more worried that the elusive pullback is coming now that the delta variant has threatened to derail the economy’s recovery.   

“At this incipient phase of the distribute

Read more