S&P 500 – Expect Volatility Upon FOMC Release
The S&P 500 index closed virtually flat on Tuesday following Monday’s sell-off and late-day rebound off the 4,300 price level. Is the correction over? Q2 2021 hedge fund letters, conferences and more The S&P 500 index fell the lowest since July 20 on Monday, as it reached the daily low of 4,305.91. It was 239.9 points or 5.28% below the September 2 record high of 4,545.85. We’ve witnessed an intraday rebound as the market closed around 52 points above the daily low. And on Tuesday it got back to the 4,400 price level before closing 0.08% lower, at 4,354.19. The nearest important support level ...