Making Financial Headlines · Page 7
The S&P 500 Gains Twice, Giving Tomorrow's Forecast a Very Short Track Record
· New York time
The S&P 500 posted back-to-back gains through Tuesday as technology shares rose, according to CNBC's market preview. The advance gave investors a positive recent record to consider ahead of the next trading session, though two days of gains do not determine what comes next. The index is widely followed because it tracks large U.S. companies and appears in many investment accounts. When technology shares help lift it, people who own broad funds can feel the effect without selecting an individual tech stock. The same concentration of attention can also make the index sensitive to changes in that sector's fortunes. A market preview gathers the developments traders will watch, but a list of possible influences is not a closing price in advance. Investors still have to see how companies, economic information and trading interact when the next session begins. The temptation is to treat a two-day sequence as a story with a third chapter already outlined. Markets are less obliging publishers. Yesterday's gains can be carefully arranged on a chart, labeled momentum and discussed at length, only for the next session to ask for a completely different title. For now, the achievement is two positive days, which is good news without requiring the calendar to sign a contract for a third.
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