Market Extra: Stock-market bulls lose hope as indexes trade in a tight range

The U.S. stock market has been struggling to break out of a tight trading range for months, and increasingly investors seem concerned about the implications this could hold for the lengthy bull run.

There has been a subtle shift on Wall Street over the past several weeks. U.S. stock-market investors aren’t suddenly expecting the sky to fall, but much of the enthusiasm for equities seen over the past year has been dissipating, with few analysts expecting gangbuster returns from current levels, and an increasing number seeing a greater risk of losses.

According to data from the Conference Board, just 32.7% of consumers expect stock prices to be higher 12 months from now, the lowest percentage since November 2016.

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