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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The S&P 500 recorded its worst daily performance of 2026, dropping over 2.5% and ending a four-month streak without a 2% daily loss. Despite this pullback occurring near all-time highs, the index recovered in the second half of the week to secure a 0.6% weekly gain. Technical analysis indicates a major rally phase concluded at the 7,620 level, with analysts suggesting a potential correction could target the 6,800 range.