Reported 7 months ago
The S&P 500 Index has hit a new high of 5400, marking a 13.6% gain for the year, with the SPDR S&P 500 ETF Trust (SPY) rising 13.3%. The recent rally is supported by cooler inflation data, indicating economic stabilization and potential interest rate declines. The latest Federal Reserve meeting forecasts one rate cut in 2022 and four cuts by 2025, with a focus on achieving the 2% inflation target. Strong earnings growth, artificial intelligence trends, and the 'Magnificent Seven' tech giants driving the S&P 500's growth are highlighted, along with top-performing stocks in the ETF like Super Micro, Nvidia, Vistra Energy, Constellation Energy, and First Solar.
Source: YAHOO