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The S&P 500 notched an all-time closing high on Friday, yet most of its sectors were still trading below levels seen when the index reached its last peak...
S&P 500 profits are expected to fall — but Nvidia, Amazon and Meta should help cushion the blow.
US equity indexes saw broad gains on Thursday after US stock traders shook off the early week's misery over Federal Reserve (Fed) rate cuts unlikely to come as soon as money markets are hoping.
The S&P 500 is near its closing high of 4,796.56 as well as its intraday high of 4,818.62.
US stocks saw broad-base declines on Wednesday after investors were forced to adjust their bets on rate cuts from the Federal Reserve (Fed) after US Retail Sales rose more than expected, implying the US domestic economy remains too strong for the US central bank to begin cutting their main reference rate as soon as investors are hoping for.