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S&P 500, Magnificent 7 Hit Resistance: Analyst Warns Of More Pain Before Gain

Benzinga LogoBenzinga20h ago

S&P 500, Magnificent 7 Hit Resistance: Analyst Warns Of More Pain Before Gain - Benzinga

Quick Summary:

According to JPMorgan’s Jason Hunter, the S&P 500 and its heavyweight tech crew — the Magnificent Seven — are stuck below crucial resistance levels, raising the risk of a summer slump before any sustainable comeback.

S&P 500 Faces Key Resistance

Hunter flags the 5425-5650 zone as a brick wall for the S&P 500, noting that the index has already rejected that threshold in early-April and is still showing signs of fragility.

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 14:54:32 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28208916

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 15 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://falsifiable.beamstart.com/news/sp-500-magnificent-7-hit-17455946761999

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