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Amid rising uncertainty in financial markets, the S&P 500 faces a critical test at a key support level. The index finished Thursday's session right at this support, with warnings that a breakdown could ignite a fresh wave of selling, according to a report from MarketWatch.
These developments come as markets await further signals on the interest rate path, with inflationary pressures still persistent. The index has experienced volatility in recent weeks, trading near its all-time high but failing to break through. Analysts are closely watching the next support levels in case of a breakdown.
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Sign InAt the close on June 25, the index is trading near the mentioned support level, per market data. Investors are eyeing key US economic data next week that could determine the next direction. Fed officials' remarks also remain a focus for traders assessing the monetary policy path.