Reported about 1 year ago
US stock markets surged to new highs with the S&P 500 achieving its 30th record close of 2024, and the Nasdaq hitting its sixth consecutive record close, driven by a tech-fueled rally. Analysts have raised their year-end targets for the S&P 500, leading to increased optimism on Wall Street. Despite recent inflation reports and the Federal Reserve meeting, fewer catalysts are expected this week, with Wednesday's retail sales report being a key highlight. Federal Reserve officials hint at a possible rate cut in 2024, with investors pricing in around a two-thirds chance of cuts beginning by September.
Source: YAHOO