Stocks fall for a fourth day as market rally stalls
hit a high of $30,749.45 during Wednesday's session, reaching its highest level since April 14 when bitcoin traded as high as $31,102. The last time bitcoin traded over $30,000 was April 26.The S&P 500 slipped 0.52% during Wednesday's regular session as the stock market rally took a break from its tech-powered run. The decline was just enough to mark the broad-market index's worst day in June.
Even after Wednesday's decline, the S&P 500 is up nearly 4.5% in June and is touting a 13.7% gain for 2023.The percentage of bullish financial newsletter advisors and editors rose to 54.3% in the latest weekly Investors Intelligence survey, a fresh 19-month high and up from 53.4% last week. In November 2021, bulls reached what II calls "a danger level" of 57.2%.
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