S&P 500 Drops Below Key Threshold, Heightening Economic Uncertainty

The S&P 500 index has fallen below the critical level of 5,100 points, reflecting growing economic concerns and a broader market downturn. This decline marks the first time since May 2024 that the index has dipped below this threshold, losing nearly 6% during intraday trading. Analysts attribute this drop to rising inflation and increased recession probabilities, with estimations now at 62%. A significant market sell-off is impacting both equities and cryptocurrencies, including Bitcoin.