S&P 500 reaches new all-time high
The S&P 500 hit a new all-time high this week, driven by strong earnings from tech giants such as Nvidia, Apple and Microsoft. Technology continues to lead the way in this regard due to the rise of AI and cloud services.
Market sentiment and key drivers
The Fed’s neutral stance eased investors’ fears, with no indication of immediate rate hikes or cuts. Wall Street ratings are at a weak point, with low inflation and stable employment data supporting optimism.
Banks and industrials led gains, but small-cap stocks grabbed the headlines this week, rising more than 6%.
Expect more volatility as earnings season continues. For now, the bulls remain in control, especially on the tech-heavy Nasdaq, reflecting strong market momentum.