"Stocks Rally as Bond Yields Stabilize, Marking End of Market Correction"
The S&P 500 experienced a significant surge last week, driven by interest-rate-sensitive sectors, leading analysts at Yardeni Research to believe that the stock market correction is over and that the index is on track to end the year at 4,600. Real estate, financials, and consumer discretionary were the best-performing sectors, while technology stocks and communication services also saw gains. The rally was fueled by a drop in bond yields and positive economic news. Despite the strong performance, some sectors, such as real estate and financials, remain down for the year.
