{"id":23466,"date":"2026-03-09T15:18:20","date_gmt":"2026-03-09T15:18:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sp-500-index-and-voo-stock-drops-as-wall-street-bank-predicts-more-downside\/"},"modified":"2026-03-09T15:18:25","modified_gmt":"2026-03-09T15:18:25","slug":"sp-500-index-and-voo-stock-drops-as-wall-street-bank-predicts-more-downside","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sp-500-index-and-voo-stock-drops-as-wall-street-bank-predicts-more-downside\/","title":{"rendered":"S&amp;P 500 Index and VOO stock drops as Wall Street bank predicts more downside"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The S&amp;P 500 Index and VOO, its biggest exchange-traded fund, plunged for three consecutive days, reaching its lowest level since November last year.\u00a0<\/p>\n<div id=\"cn-block-summary-block_1f2528fe449723b00d55aa53993db387\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The S&amp;P 500 Index continued its strong downward trend.<\/li>\n<li>JPMorgan analysts expect the index to continue falling this month.<\/li>\n<li>The index may still rebound later this year if Donald Trump capitulates on his war.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<h2 class=\"wp-block-heading\">JPMorgan predicts a S&amp;P 500 Index crash\u00a0<\/h2>\n<p>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.\u00a0<\/p>\n<p>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.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>However, the analyst noted that signs of an off-ramp on the war in Iran will invalidate the bearish outlook. He <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-09\/jpmorgan-sees-10-correction-in-s-p-500-as-war-risks-build-up?srnd=homepage-americas\" target=\"_blank\" rel=\"nofollow\">noted<\/a>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cA definitive off-ramp to the conflict will end this tactical call as the underlying macro fundamentals remain supportive of risk-assets.\u201d<\/p>\n<\/blockquote>\n<p>Similarly, Yardeni, a top research company, boosted its odds of a market meltdown to 35% from the previous 20%.<\/p>\n<p>Still, as we wrote earlier, there is a possibility that the S&amp;P 500 and VOO stock will bounce back as President Donald Trump often pays close attention to the stock market and inflation. As such, there is a possibility that he will start to capitulate soon.<\/p>\n<p>Looking ahead, the S&amp;P 500 Index will react to the upcoming US consumer inflation report, which will come out on Wednesday.\u00a0<\/p>\n<p>Economists expect the report to show that the headline Consumer Price Index rose to 2.5% in February. A higher inflation than that, coupled with the rising oil prices, may also push Trump to capitulate on his war.<\/p>\n<p>The index will also react to the upcoming Oracle earnings, which will come out on Tuesday. Oracle has become a major player in the artificial intelligence industry thanks to its huge backlog.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 Index and VOO, its biggest exchange-traded fund, plunged for three consecutive days, reaching its lowest level since November last year.\u00a0 Summary The S&amp;P 500 Index continued its&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23466"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23466\/revisions"}],"predecessor-version":[{"id":23467,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23466\/revisions\/23467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/17904"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}