As of March 28, 2025, the S&P 500 index is facing a downward trend, with futures indicating a gap down of 0.33% at the market's open. Earlier assessments from a cross-asset model showed a projected loss of 0.28% for the S&P, with futures down 0.25% since the prior close. This follows a previous estimate of a 0.27% loss, with futures down 0.36%. Despite having been up for four consecutive Fridays, the S&P is now down for the week after a 2% increase earlier. Current reports indicate that the S&P is down 1.3% as of the latest update.