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S&P 500 Posts First Weekly Decline Since March

4/24/2026

41 3 Full Breakdown

Summary

S&P 500 Slides

The S&P 500 index posted its first weekly decline since late March, pausing its rally.
The index had risen more than 13% to record highs after rebounding from the Iran-war low.
Geopolitical uncertainty and mixed earnings from major firms weighed on the market.
Technical analysts identified a support zone between 6,950 and 7,000 points that could restore momentum if held, while a break below may trigger a deeper pullback.

Summary

Airlines Diverge

American Airlines Group and Southwest Airlines shares moved 4.6% up and 3.2% down after their quarterly results and Southwest’s decision to withhold a profit forecast because of macro uncertainty.
IBM shares dropped 8.8% despite beating forecasts, as analysts cited slowing software growth.
South Korea’s Kospi and SK Hynix rose, the index up 0.9% after better-than-expected growth and the chipmaker reporting revenue outpacing estimates on AI demand.

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S&P 500 Slides

The S&P 500 index posted its first weekly decline since late March, pausing its rally.
The index had risen more than 13% to record highs after rebounding from the Iran-war low.
Geopolitical uncertainty and mixed earnings from major firms weighed on the market.
Technical analysts identified a support zone between 6,950 and 7,000 points that could restore momentum if held, while a break below may trigger a deeper pullback.

1 / 2