The "S&P 500 stock price" is trading near 5,073, slightly off its recent record high amid cautious investor sentiment ahead of key inflation data. Market breadth has narrowed as mega-cap tech continues to lead, while cyclical sectors show mixed momentum. Analysts point to strong earnings forecasts in Q3 supporting a potential breakout if economic data remains soft but stable. Of course, the ongoing worry with Intuitive stock is that its growth rate is slowing, and its shares trade for a premium. In fact, that premium price has been a nagging issue for years. As of this writing, the stock trades for just over 100 times trailing-12-month free cash flow and 86 times trailing-12-month generally accepted accounting principles ( GAAP ) earnings. “Recent company commentary shows S&P 500 firms plan to use a combination of cost savings, supplier adjustments, and pricing to offset the impact of tariffs,” Kostin writes. The "S&P 500 stock price" outlook remains constructive, with chartists noting a symmetrical triangle pattern forming on the daily chart — often a precursor to breakout moves. Watch 5,100 resistance as a key technical trigger.