S&P 500: Stocks May Consolidate After Trade Deal Rally
From Investing.com: 2025-05-14 09:16:00
The S&P 500 extended its uptrend, gaining 0.72% on Tuesday following the U.S.-China trade deal and U.S.-Saudi Arabia AI investment plans. The index breached the 5,900 level, reaching its highest since March 3. Investor sentiment has improved, with 29.4% bullish and 51.5% bearish. The Nasdaq 100 tech stocks continue to outperform, with Nvidia announcing a sale of AI chips to Saudi Arabia. The VIX dropped to 17.65, indicating lower fear in the market. S&P 500 futures are trading above 5,900, with potential moves towards 6,000. A short-term consolidation is likely following the recent rally.
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