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Bloomberg Quint

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Image Credit: Bloomberg Quint

S&P 500 Is A Touch Away From Triggering Sell Signal, BofA Says

  • 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.

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