Reported about 7 hours ago
The S&P 500 has set a new record close for the first time since February, raising discussions about its valuation, which is now above five- and ten-year averages. Despite concerns about high valuations, market strategists believe the index's potential could continue to rise, supported by improving economic forecasts and corporate earnings expectations. Wall Street sentiment is turning more positive as several firms have recently raised their year-end targets for the index.
Source: YAHOO