S&P 500 Stabilizes as Oil Price Rally Pauses

The S&P 500 halted a three-day losing streak as oil prices retreated below $90 per barrel, easing inflation concerns. Market sentiment remains cautious as traders evaluate the Federal Reserve's potential interest rate path and geopolitical tensions surrounding the Strait of Hormuz. Despite recent pressure, the S&P 500 has maintained a period of relative stability, having not experienced a daily decline of over 1% for 24 consecutive trading days.