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U.S. Stocks Retreat as S&P 500 Snaps Six-Day Winning Streak
U.S. Stocks Retreat as S&P 500 Snaps Six-Day Winning Streak
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Wall Street’s momentum faltered on Tuesday as major indices opened lower, signaling a potential pause in the recent rally. The S&P 500 slipped 0.3%, threatening to end its longest advance since April. Nasdaq Composite underperformed with a 0.4% decline, while the Dow Jones Industrial Average shed nearly 50 points at the opening bell.
The pullback follows JPMorgan CEO Jamie Dimon’s warning about market complacency during the bank’s investor day. His cautionary remarks contrasted sharply with Monday’s optimistic trading, creating whipsaw conditions for equity investors. Market technicians note the S&P 500 remains NEAR record territory despite the retreat.
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