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Robinhood

The Bank of America warned on June 5 that there are “too many red flags” waving over U.S. stocks and traders should take profits, <a href="https://www.cnbc.com/2026/06/08/bank-of-america-says-take-profits-too-many-red-flags.html" rel="noopener noreferrer nofollow">CNBC reported</a>.
The bank tracked 10 bear market signposts and saw seven signposts triggering in May, five in April, and four in March.&nbsp;Seven is the average number of signposts reached ahead of previous bear markets since 1990,&nbsp;Bank of America strategist Savita Subramanian wrote to clients.
<blockquote>
 “We see opportunity in S&amp;P 500 stocks, but not the overall cap-weighted index.”
</blockquote>
<a href="https://www.thestreet.com/crypto/markets/blackrock-issues-blunt-warning-for-major-energy-shock" rel="noopener noreferrer nofollow">Related: BlackRock issues blunt warning for major energy shock</a>
The latest signs to turn red are the spread between the best and worst performers in the S&amp;P’s tech sector, the bank warned.&nbsp;The gap between the best and worst performing tech quintiles’ median stock is 120 percentage points, the highest since February 2000, which was the peak of the internet boom.
Subramanian warned that the spread&nbsp;“rivals the dotcom bubble” and added it hit&nbsp;130 points just before the market peak of March 24, 2000.
The S&amp;P 500 is a stock market index that tracks the performance of 500 of the largest publicly traded companies in the U.S. and covers around 80% of the total U.S. stock market capitalization.
The index hit the&nbsp;all-time high (ATH) of&nbsp;7,620.90 points on June 2 and was at&nbsp;7,339.16 points at press time.
<h3 id="more-news">More News:</h3>
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<h2 id="sp-500-tied-crypto-stocks-in-2026">S&amp;P 500-tied crypto stocks in 2026</h2>
<a href="https://www.thestreet.com/crypto/markets/coinbase-stock-sinks-25-within-a-year-of-joining-s-p-500" rel="noopener noreferrer nofollow">Coinbase Global</a> (Nasdaq: COIN) is the leading crypto trading exchange in the U.S. Its stock joined the S&amp;P 500 index in May 2025, becoming the first crypto company to join the benchmark.
The stock has fallen more than 30% this year and was trading at $154.30 at press time.
<a href="https://www.thestreet.com/crypto/markets/robinhood-announces-major-changes-for-fourth-of-july" rel="noopener noreferrer nofollow">Robinhood Markets</a> (Nasdaq: HOOD) is an e-trading broker that has become popular among retail traders due to its commission-free offerings of stocks, cryptocurrencies, and tokenized stocks.
The HOOD stock has lost more than 25% of its value this year and was trading at $82.15.
<a href="https://www.thestreet.com/crypto/markets/jack-dorsey-slashes-40-of-block-staff-despite-rising-profits" rel="noopener noreferrer nofollow">Block, Inc.</a> (NYSE: XYZ) is a Bitcoin-focused fintech firm co-founded by Twitter founder Jack Dorsey. Its stock joined the S&amp;P 500 index in July 2025.
Though the stock is up 3% this year, it has declined 10% in the last month and was trading at $67.22.
<a href="https://www.thestreet.com/crypto/markets/mysterious-trader-buys-millions-ahead-of-white-house-meet-on-june-10" rel="noopener noreferrer nofollow">Related: Mysterious trader buys millions ahead of White House meet on June 10</a>

Bank of America offers blunt advice to U.S. stock traders

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