Here’s the next line in the sand for the S&P 500, according to Morgan Stanley - MarketWatch
1. Morgan Stanley sets new support levels at 5,100 to 5,200 for S&P 500. 2. S&P 500 dropped 4.8% due to tariff announcements, largest fall since June 2020. 3. Former support at 5,500 now acts as resistance for S&P 500. 4. Uncertainty around tariffs increases risk of recession, affecting investor confidence. 5. Investors advised to focus on quality equities amid market headwinds.