"S&P 500 Surges to Record High, Confirms Bull Market Trend"
TL;DR Summary
The S&P 500 confirmed its bull market status with a record high close, fueled by chipmaker gains and investor optimism about AI, as well as expectations of Federal Reserve interest rate cuts in 2024. The index's recovery from a nearly 25% sell-off in 2022 aligns with historical patterns, while the Dow Jones Industrial Average also hit a record high, and the Nasdaq composite is on track to return to its own record high close.
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- Five Charts Showing the S&P 500's Wild Ride Back to Record Highs Yahoo Finance
- S&P 500: Don't Let Valuations, New Record Worry You Bloomberg
- S&P Posts First Record High Close in Two Years Firstpost
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