S&P 500 Technical Outlook: Bulls Eye 6,000 as Index Clears 200 SMA
From Investing.com: 2025-05-14 09:32:00
The S&P 500 has turned positive for the year, fueled by optimism around the US-China trade deal and lower-than-expected inflation. US stocks are set to open higher today, with major indices rebounding from recent lows. The Federal Reserve is expected to cut rates later this year, as trade tensions ease. Corporate news includes Nvidia gaining on deals in Saudi Arabia and American Eagle Outfitters slumping after weak earnings. In the FX markets, the USD is falling while the EUR/USD rises. Oil prices are slipping after four days of gains, as investors eye US crude inventories and the OPEC monthly report.
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