Reported 8 months ago
Stocks reached all-time highs fueled by a rally in prominent tech companies, pushing the S&P 500 to its 30th record of the year. Wall Street strategists raised targets despite hedge funds exercising caution. The market defied concerns of narrow breadth and became more resilient amidst retail sales data anticipation and a surge in high-grade corporate bond sales. Optimism stems from a strong economy, improving earnings, and possible rate cuts. Major tech companies like Tesla and Apple saw gains, while French stocks rebounded. Analysts anticipate continuous upward momentum for the S&P 500, fueled by tech giants' performance.
Source: YAHOO