According to CNBC, the S&P 500 fell 2.7% last week, its fourth consecutive weekly decline, while the Nasdaq Composite dropped 3.4% and entered a correction, down more than 10% from a record set just last month. Morgan Stanley’s Michael Wilson said the correction may be nearing its final phase as the S&P 500 approaches his 7,100–7,300 downside range. He said a retest of last week’s lows could set up a year-end rally and maintained a 12-month S&P 500 target of 8,000, 8.4% above Friday’s close. JPMorgan strategist Mislav Matejka said the sharp technology-stock sell-off and steep valuation compression may have created opportunities, and that a stabilization in the sector could support a more sustainable upcycle.