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Jay Woods, chief market strategist at Freedom Capital Markets, observed that the market's initial positive reaction to a recent decision was reversed by the end of trading.
Woods pointed out that both MSFT and META are now in focus as investors look to see whether these stocks can help stabilize the market after losses.
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Woods recently highlighted uncertainty about the S&P's path after it closed at 7498.96. He also noted that SPCX received 28 buy ratings and an average analyst target of $236. These developments continue to shape investor expectations around major market benchmarks.