Reported about 1 year ago
Despite political turmoil, the high-priced S&P 500 continued its bullish trend, unaffected by outside influences, including President Joe Biden's debate issues. Investors remained resilient, with market confidence in the economy's growth and anticipated Federal Reserve rate cuts. The S&P 500 saw a 2% gain for the week, accompanied by positive data on rate cuts and economic indicators. Despite concerns over the market's high valuation, particularly in the tech sector, equities continued to rise amid optimism regarding earnings resilience and potential policy outcomes post-election.
Source: YAHOO