Sp 500 stock price a minor pullback in the "S&P 500 stock

A minor pullback in the "S&P 500 stock price" to 5,058 has raised debate over valuation stretching. Price-to-earnings ratios remain elevated, yet forward earnings revisions have trended positively, giving bulls an edge if inflation pressure moderates by mid-year. Pactiv Evergreen Inc.'s revenues are expected to be $1.28 billion, down 13% from the year-ago quarter. Many consumer discretionary and consumer staples companies have dirt cheap valuations due to pullbacks in spending. Even pockets of the tech sector are beaten down, namely in the application software industry, due to concerns of AI disruption for software-as-a-service business models . Despite geopolitical tensions, the "S&P 500 stock price" has held firm above 5,