Shares in the US rose to record highs on Friday, fuelled by tech stocks and rising hopes about the economy.
The S&P 500 index, which tracks shares of America’s biggest companies, ended the day up 1.2% to close at 4,839.8, topping the previous record set in January 2022.
The new high means it has recovered from the tumble it took two years ago.
The new high means it has recovered from the tumble it took two years ago.
Now, as inflation eases and threats of economic downturn recede, investors have piled back into stocks.
The Dow Jones Industrial Average, which tracks firms meant to be representative of the economy, rebounded to hit its own record late last year, as optimistic investors bought up shares.
It notched another new high on Friday, rising 1% on the day.
The Nasdaq, where many tech firms are listed, surged 1.7% but remains about 4% lower than its 2021 peak.
For Wall Street, the new S&P record definitively marks out the current period, as shares recovered 35% from the October 2022 low, as one of rising share prices known as a bull market.
Shares in the US rose to record highs on Friday, fuelled by tech stocks and rising hopes about the economy.
The new high means it has recovered from the tumble it took two years ago.
The S&P 500 index, which tracks shares of America’s biggest companies, ended the day up 1.2% to close at 4,839.8, topping the previous record set in January 2022.
Now, as inflation eases and threats of economic downturn recede, investors have piled back into stocks.
The new high means it has recovered from the tumble it took two years ago.
The new high means it has recovered from the tumble it took two years ago.
Now, as inflation eases and threats of economic downturn recede, investors have piled back into stocks.
The Dow Jones Industrial Average, which tracks firms meant to be representative of the economy, rebounded to hit its own record late last year, as optimistic investors bought up shares.
It notched another new high on Friday, rising 1% on the day.
The Nasdaq, where many tech firms are listed, surged 1.7% but remains about 4% lower than its 2021 peak.
For Wall Street, the new S&P record definitively marks out the current period, as shares recovered 35% from the October 2022 low, as one of rising share prices known as a bull market.
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