Truist Wealth strategists say the S&P 500 and tech stocks could still fall 5% to 8% before finding their footing, but call the current pullback a reset rather than a break in the broader bull-market trend.
Truist Wealth strategists say the S&P 500 and technology stocks could still have 5% to 8% more to drop before the current bull market finds its footing again. Even so, they describe the pullback as more consistent with a reset than a change in the broader trend.
Investors have faced pressure since the start of the second half of 2026 from jitters over the artificial-intelligence buildout, geopolitical flare-ups and rising longer-term interest rates.
On the day, the S&P 500 gained 1.66%. Technology stocks separately climbed 5.24%.
Source: MarketWatch (snippet-based)
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