The S&P 500 posted a 1.5% decline on Thursday amid worries about the Trump Administration and a terror attack in Barcelona.
The broad index has only had a decline of more than 1% a few times this year. Jeff Greenberg, capital markets economist at JPMorgan Chase, said the selloff provided a buying opportunity, especially as the near-term corporate earnings picture remains strong.
He said stocks in the technology, health care and financials sector will help boost the markets for the remainder of the year.
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