May 2, 2022, 04:50pm.
Wall Street experts warn that even after the market's worst month since the outbreak of the coronaviruses in March 2020, investors should be cautious.
Analysts warn that investors should be prepared for more uncertainty this month.
The S&P 500 gained 0.6% and the tech-laden Nasdaq gained 1.6% on Monday, after the stock market had traded in negative territory for most of the day.
Despite the modest rebound from a brutal selloff last week, Wall Street experts are warning investors that market uncertainty will continue.
The S&P 500 closed out its worst month since March 2020 last week, with a 8.8% decline, while the Dow closed out its worst month since 2008 with a 4.9% decline.
It will take some time for the psychological damage to heal from the recent equity collapse.
According to a recent note from Bespoke Investment Group, it is all but certain that we will see continued volatility going into May.
Morgan Stanley analyst Michael Wilson predicted on Monday that the S&P 500 could fall another 8%.
After years of strong returns, markets are returning to a more normalized level of volatility as valuations come back down to earth ahead of the Federal Reserve's upcoming rate hikes. Although the central bank has done a good job of guiding expectations, there still remains a bearish sentiment that is reflected in the day-to-day moves of the market.
Moderna's shares jumped over 6 percent on Monday after the company said that its vaccine for children under 6 years old will be ready for a review by the FDA in June.
The worst month since 2008 was posted by the stock exchange.
Will the economy fall into recession after the Fed's selloff? (Forbes)
Is it time to buy both of them again? According to experts, beaten down tech stocks are value plays.
The stock market continues to sell-off.
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