Reported 8 months ago
US stocks surged to all-time highs, with the S&P 500 and Nasdaq hitting fresh records. The S&P 500 closed at its 30th record for 2024, rising nearly 0.8%, while the Nasdaq climbed almost 1% to its sixth consecutive record close. Wall Street analysts have increased year-end S&P 500 forecasts, with targets like 6,000 from Evercore ISI and 5,600 from Goldman Sachs. Federal Reserve officials hinted at a potential rate cut, with investors predicting a cut by September according to the CME FedWatch tool.
Source: YAHOO