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U.S. stocks may see the longest weekly losing streak since 2022 as the weekend approaches, with traders cautiously betting.
Golden Finance reported that on March 27, as traders grow increasingly uneasy about the prolonged conflict in the Middle East, the U.S. stock market is heading towards its longest weekly losing streak since 2022, with bonds across the board also declining. At 8:25 AM New York time, S&P 500 futures fell 0.4%, with the benchmark index expected to decline for the fifth consecutive week. Nasdaq 100 futures dropped 0.6%, and Dow futures fell 0.4%. Amundi multi-asset portfolio manager Amélie Derambure stated, “After President Trump’s remarks briefly brought glimmers of hope but were quickly dashed, the market now demands higher expectations for policy statements. ‘TACO trading’ has become more difficult now, as the situation can no longer return to the starting point.”