- The S&P 500 share index wins 0.33% today, reaching maximums of March 6 in 5,784.
- The consumer’s confidence of the CB fell to 92.9 in March, registering its weakest reading since February 2021.
- International Paper Company (IP) titles rebound 6.49% on Tuesday, reaching maximums not seen since March 3.
The S&P 500 marked a minimum of the day in 5,749, finding buyers who took the index to maximum of March 6 in 5,784. At the time of writing, the S&P 500 quotes over 5,778, rising 0.33% daily.
The S&P 500 reaches maximum of almost three weeks in tune with the main stock market indices
Based on information presented by the Board Conference, the United States Consumer Trust Index fell from 98.3 to 92.9 in March, registering its weakest figure since February 2021. At the same time, the housing price index registered an increase of 0.2% in January in January with the estimates of the analysts, located below the 0.5% recorded the previous month.
On the other hand, the shares of International Paper Company (IP) rise 6.49% today, reaching maximum of March 3 in 56.64 $, spinning its second consecutive day. In this sense, the S&P 500 wins 0.33% daily, reaching maximum of March 6 in 5,784.
The look of analysts will be set on the Gross Domestic Product of the United States. Market projections expect a growth of 2.3%, matching the figure of the previous quarter.
Levels to be considered in the S&P 500
The S&P 500 reacted upwards from a short -term support given by the minimum of March 13 in 5,504. To the north, the closest resistance is observed in 5,857 maximum of March 5. The following key resistance is in 6,007, point whose February 26 pivot in convergence with the retreat at 23.6% of Fibonacci.
4 -hour graph of the S&P 500
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
