"S&P 500 Sets Record Close, Best Q1 Performance Since 2019"

The S&P 500 closed at a record high, marking its best first quarter performance since 2019, with all three major averages rising for five straight months. Market sentiment is showing signs of euphoria, while RH shares soared after a strong forecast despite fourth quarter earnings falling short. Mortgage rates hover near 7%, and consumers are increasingly confident that inflation will continue falling. Meanwhile, Nikola shares surged after unveiling plans for a hydrogen fueling station, and Tesla stock slipped as the worst performer among the "Magnificent 7" this quarter.