The post S&P 500 Index and VOO stock drops as Wall Street bank predicts more downside appeared on BitcoinEthereumNews.com.

The S&P 500 Index and VOO, its biggest exchange-traded fund, plunged for three consecutive days, reaching its lowest level since November last year.  Summary The S&P 500 Index continued its strong downward trend. JPMorgan analysts expect the index to continue falling this month. The index may still rebound later this year if Donald Trump capitulates on his war. The blue-chip index, which tracks the biggest companies in the United States, dropped to $6,637, down by over 5.2% from its highest point this year. This retreat happened as the crisis in the Middle East escalated, pushing crude oil prices to the highest point in years. Brent and the West Texas Intermediate rose to over $115 before paring back the gains. The rising crude oil prices pushed US bond yields higher, with the 10-year rising to 4.17% and the 30-year hitting 4.766%. This surge is a sign that market participants expects the Federal Reserve to maintain a hawkish tone this year. JPMorgan predicts a S&P 500 Index crash  Wall Street analysts are getting antsy about the market. In a research note, analysts at JPMorgan predicted that the index will move into a correction if the war continues.  Dropping into a correction, which is defined as a 10% drop from its peak, will push it to $6,300, its lowest level since August last year. However, the analyst noted that signs of an off-ramp on the war in Iran will invalidate the bearish outlook. He noted: “A definitive off-ramp to the conflict will end this tactical call as the underlying macro fundamentals remain supportive of risk-assets.” Similarly, Yardeni, a top research company, boosted its odds of a market meltdown to 35% from the previous 20%. Still, as we wrote earlier, there is a possibility that the S&P 500 and VOO stock will bounce back…

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Filed under: News - @ March 9, 2026 6:25 pm