S&P 500 Closes Above 5000 For The First Time Ever

Published Friday, February 9, 2024 at: 10:13 PM EST

The Standard & Poor’s 500 stock index closed Friday at 5026.61, breaking its all-time and closing above 5000 for the time ever.  Stocks have been repeatedly breaking records since early January, as economic data has continued to beat expectations, extending a trend that began in 2023.  With job creation at a pace accompanying expansion cycles in recent decades, unemployment at a 50-year low, the 12-month inflation rate near the Federal Reserve Board’s 2% target, and wage inflation weakening, the outlook for growth is stronger than expected.  For example, the 60 economists surveyed in early January by the Wall Street Journal predicted...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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