Stock-market bears seen keeping upper hand as S&P 500 drops below 3,900

The S&P 500 has dropped below 3,900. That is a very bearish sign for stocks.

The S&P 500 index on Friday broke below a closely watched support level that could augur a deeper slide, chart watchers warned.

“Index options will expire on the open…, so a lot of that option gamma that has helped to support the market will be gone at the opening,” said Michael Kramer, founder of Mott Capital Management, in a Thursday evening note.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dark Horse is the new range-topping, 500+ horsepower Ford Mustang | AutoblogMustang Dark Horse is the most performance-oriented seventh-generation Mustang, going beyond with the GT with more power and various chassis upgrades.
Read more »

Go inside China's Forbidden City—domain of the emperor and his court for nearly 500 yearsAccess to this vast complex of grand palaces, abundant gardens, and sacred pavilions was off limits to most of imperial China's people, who could only imagine the grandeur beyond the gates.
Read more »

Logitech Brio 500 are an alternative to Apple Desk View | Digital TrendsLogitech unveiled their newest Brio 500 webcam and Zone Vibe headphones today, taking aim at the large workforce still stuck at home using Zoom and Teams.
Read more »

US Equities Update: S&P 500, Nasdaq Attempt to Halt Declines after CPIThe massive sell-off in US equities and risk assets in general appears to have quelled the optimism that was priced in, reflecting a view that inflation was going to decline in August. Get your market update from RichardSnowFX here:
Read more »

Track-focused 2024 Ford Mustang Dark Horse targets a 500-hp Coyote V-8Ford's latest Mustang has a track-focused range-topper that comes in 3 flavors.
Read more »

S&P 500 Index: Holding or not support at 3,915 to shape USD trend – ScotiabankEconomists at Scotiabank analyze the correlation between the US Dollar Index, the VIX and the S&P 500 Index. They conclude that the key support at 391
Read more »