Reported about 1 month ago
The stock market's recent rally faced challenges, with the S&P 500 showing slight change after an earlier spike. Banks negatively impacted the market, especially as major players like New York Community Bancorp reported dismal outlooks. Bitcoin's decline followed reports of a US investigation into cryptocurrency firm Tether. Despite these setbacks, some tech stocks, particularly the 'Magnificent Seven,' showed resilience, and market participants are cautiously optimistic ahead of crucial upcoming earnings and economic data.
Source: YAHOO