NVIDIA’s outperformance within the second quarter led to a much less inclusive rise within the U.S. index, with fewer shares buying and selling above the 200-day easy transferring common. The Federal Reserve’s resistance to rate of interest cuts has weakened the bullish momentum of U.S. indexes, and the brand new earnings season will kick off in July. Analysts just lately raised full-year revenue progress to 11.3%, however an election yr can be affecting shares. The outlook for the U.S. index stays bullish, however unfavorable elements resembling inflation expectations, weakening rebound inclusiveness, and seasonal consolidation have restricted the index’s positive factors within the third quarter.