S&P 500 updated its all-time high for the first time since January 2022 – Kommersant
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The S&P 500 rose 1.2% to 4,839.81, hitting a new all-time high. The index last hit a record high in January 2022, after which it fell 25% and has now fully recovered.
The Dow Jones Industrial Average rose 1.1% to 37,863.80 points, the Nasdaq Composite Index rose 1.7% to 15,310.97. The drivers of growth were technology companies. SMCI shares rose 35.9%, Nvidia – 4.2%, Broadcom – 5.9%.
According to the Associated Press, the market is recovering amid the growth of the US economy, low unemployment, growing optimism in American households and lower inflation. All this data increases expectations of a rate cut by the Fed.
About the period of unstable equilibrium in the world economy – in the material of Kommersant “New normal instead of normalization”.
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