Stocks Show Signs of Buyer Exhaustion After Rally: Markets Wrap
- S&P 500 briefly topped the 5,500 mark before losing traction
- Treasuries fell after coming very close to erasing 2024 losses
This article is for subscribers only.
Stocks retreated after a rally to all-time highs spurred calls for a near-term pullback amid signs of buyer fatigue.
The S&P 500 briefly topped 5,500 before losing traction — while still remaining above a technical threshold that typically hints at an overstretched market. The high-flying tech group that has powered the bull run came under pressure, with the Nasdaq 100 down after a seven-day advance. Nvidia Corp. and Apple Inc. led losses in megacaps. The Dow Jones Industrial Average outperformed.