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US Stocks Could Struggle For Direction After Tuesday’s Sell-Off: Defending This Level On S&P 500 Key To Preserve Recovery Narrative, Analyst Says

After Tuesday’s brutal sell-off, sentiment continues to remain unsettled. The index futures point to indecision and a lack of conviction among traders on Wednesday as they look ahead to more Main Street cues. Cues From Tuesday’s Trading:

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Investor Optimism Declines After Dow Tumbles Around 700 Points

The CNN Money Fear and Greed index showed a decline in the overall sentiment among US investors. US stocks dropped sharply on Tuesday amid concerns over higher interest rates. The benchmark 10-year Treasury yield increased to 3.9%, while the 2-year rate rose to 4.7% during the session. The Fed is scheduled to release the minutes from its recent meeting on Wednesday.

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