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Stock market ‘on cusp’ of important test: Watch this S&P 500 level if 2022 low gives way, says RBC

Stock market ‘on cusp’ of important test: Watch this S&P 500 level if 2022 low gives way, says RBC

The S&P 500 is approaching an important level to watch beyond its 2022 low, as investors anticipate a spike in jobless claims amid recession fears and soured sentiment in the U.S. stock market, according to an RBC Capital Markets note.