S&P 500: Growing Likelihood of Soft Landing Could Breathe New Life Into the Index

Stocks Analysis by Investing.com (Damian Nowiszewski) covering: S&P 500. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com

The S&P 500 faces a correction but recent stronger-than-expected GDP data might revive its recovery prospects.

Despite the recent pullback, the index has shown resilience and now with the futures firmly in the green, a potential rebound could be on the horizon.multiple rate cuts for the remainder of the year, the focus will shift to upcoming tech earnings and economic data to gauge the market's next direction.Yesterday's strong GDP data supports the scenario of a soft landing for the U.S. economy, with annualized quarter-over-quarter GDP growth coming in higher than expected.

Interest rate cuts, aimed at supporting the disinflation process rather than a crisis-ridden economy, are generally positive for stock market indices.

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