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Bank of America Warns S&P 500 May Face 7.6% Pullback to 6,850 After June Peak

2026-06-29 20:07:48

According to Bank of America, the S&P 500 index has risen nearly 17% since its March lows but has shown signs of weakness since touching a near-term peak on June 2. The bank's technical research head Paul Ciana warned that the index could decline to 6,850, representing a drop of approximately 7.6% from current levels, as pullback risks accumulate and price momentum deteriorates.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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