Investors Caught Flat-Footed as Stocks Try to Find Stable Ground
- Tech-heavy Nasdaq 100 is now down more than 30% from its high
- S&P 500 next support level is at 3,500, says Comerica’s Lynch
A trader works on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/Bloomberg
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That stock rally didn’t last long.
The S&P 500 logged its sixth straight session of declines on Tuesday, its longest losing streak since February 2020, after shrugging off a morning rebound of 1.7%.