NewsFeeder
02-28-2019, 12:00 PM
S&P 500 Keeps Getting Stuck Below 2,800
After soaring 18 percent from Christmas to mid-February, the S&P 500 Index has been stuck treading water for the past seven sessions. Optimism on growth and signals the Federal Reserve is sensitive to market conditions pushed the S&P 500 to its best start to a year since 1987. “The market has been jumping over the small hurdles on the way up, but we’re approaching the 2,800 line and the hurdle all of a sudden is four stories tall,” said Michael Antonelli, a managing director and market strategist at Robert W. Baird & Co. “We need some serious progress in U.S.-China trade talks for the S&P 500 to breach that line.
https://finance.yahoo.com/news/p-500-keeps-getting-stuck-155251959.html?.tsrc=rss
After soaring 18 percent from Christmas to mid-February, the S&P 500 Index has been stuck treading water for the past seven sessions. Optimism on growth and signals the Federal Reserve is sensitive to market conditions pushed the S&P 500 to its best start to a year since 1987. “The market has been jumping over the small hurdles on the way up, but we’re approaching the 2,800 line and the hurdle all of a sudden is four stories tall,” said Michael Antonelli, a managing director and market strategist at Robert W. Baird & Co. “We need some serious progress in U.S.-China trade talks for the S&P 500 to breach that line.
https://finance.yahoo.com/news/p-500-keeps-getting-stuck-155251959.html?.tsrc=rss