Hopes for lower interest
rates and resilient growth in 2024 took the S&P 500 stock
index to a record high on Friday, after two roller-coaster years
featuring soaring inflation, tumult in the banking.
NEW YORK (Reuters) -Hopes for lower interest rates and resilient growth in 2024 took the S&P 500 stock index to a record high on Friday, after two roller-coaster years featuring soaring inflation, tumult in the banking industry and economic unease. The benchmark index ended on Friday at 4,839.81, which was above its prior closing high of 4,796.56 set on Jan 3, 2022. The new closing record confirmed that the S&P 500 has been in a bull market since October 2022, by one widely used definition.
Hopes for lower interest
rates and resilient growth in 2024 took the S&P 500 stock
index to a record high on Friday, after two roller-coaster years
featuring soaring inflation, tumult in the banking.
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