Tag: S&ampP

Investing.com– Investors were seen sharply scaling back bullish positions on U.S. stock indexes over the past week, specifically the S&P 500 and the Nasdaq 100, as sentiment was battered by signs of sticky inflation and rising geopolitical tensions, Citi analysts said in a note.

April hasn’t been very welcoming for US stocks so far as higher rates continue to pressure valuations and heavy fiscal spending complicates efforts to tame inflation. As a result, the S&P 500 fell more than 5% this month, retreating below the 5,000 mark for the first time since February.