The S&P 500 is close to triggering a sell signal, according to Bank of America Corp.'s Michael Hartnett, who recommends offloading shares once the benchmark rises above 6,300 points.
US stocks have reached all-time highs as signs of the resilient US economy emerged, with President Trump moderating his stance on tariffs. However, trade concerns persist as Trump plans to set tariff rates unilaterally.
Market speculations have surged, especially in technology stocks and artificial intelligence. Despite the rally, US stock futures fell, with trading closed for the Independence Day holiday.