The S&P 500 index closed 0.23 per cent lower at 5,062.25 points, compared to 5,074.08 points at the previous Wall Street close on Monday.
However, the tech-heavy Nasdaq Composite index closed 0.10 per cent higher at 15,603.26 points, compared to 15,587.79 points in the previous market close.
Today’s US markets are likely to recover as the global markets indicate a rally across the Asian and European indices.
US Stock Market Today
On the performance of the US stock market today, Gaurav Bhandari, the chief executive officer (CEO) of Monarch Networth Capital Limited, said that after the global market crash, he expects that the widespread fear over the tariffs is coming to an end for the US market, and in today stock market session the indices are expected to rally while maintaining a bearish sentiment.
“Despite the widespread fear gripping global markets, fueled in part by recent tariff announcements from President Trump, I believe we are nearing the end of a bottoming process in US markets. In my view, this final phase will give way to a sharp, euphoric rally that could mislead many into thinking stability has returned,” said the stock market expert.
“While sentiment remains bearish, I foresee a surge in the S&P with potential upside targets of 6300–6700 over the next 6–8 months, marking what could be a classic blow-off top before a significant correction. This is a personal take based on current market signals, and while risks persist, I believe we’re on the cusp of a powerful, albeit temporary, upswing,” said Bhandari.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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