Reported 8 months ago
On Monday, the US stock market hit new all-time highs with the S&P 500 notching its 30th record close of 2024, while the Nasdaq also reached a new high. Analysts have revised their year-end targets upwards for the S&P 500, with the benchmark index closing at 5,473. The tech-fueled rally on Wall Street has led to increased optimism, with fewer market catalysts this week after last week's inflation reports and Federal Reserve meeting. Interest rates are also being closely monitored, with indications from Fed officials suggesting a potential rate cut later in the year.
Source: YAHOO