S&P 500 Hits a Record
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Bitcoin slips as the S&P 500 and Nasdaq close at records on AI optimism. See why crypto is missing the stock rally.
Warren Buffett once recommended Vanguard's low-cost S&P 500 index funds. But would the "Oracle of Omaha" choose another ETF today?
The S & P 500 's new all-time high Tuesday might just be one of the most hated records in recent memory. You may have heard Jim Cramer and other market watchers warn that the market rally has been too narrow.
The S&P 500 Index ($SPX ) (SPY ) is up by +0.49% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.60%. December E-mini S&P futures (ESZ26 ) are up +0.
The U.S. market is now closed for the day. The S&P 500 set a fresh record, following the Nasdaq Composite higher after it started the week with an all-time close. Treasury yields eased and mega-cap tech remained strong amid optimism around a nuclear deal between Constellation Energy and Google parent Alphabet.
The S&P 500 returned to an intraday record Tuesday as tech gains, easing oil prices and Treasury yields helped stocks overcome months of market shocks.
The S&P 500 just hit a new record high as the AI trade lifts stocks beyond the tech sector.
Research from Charles Schwab shows that since 1966, the average S&P 500 bear market has lasted about 15 months and resulted in a 38% decline. So most investors are looking at about a year of declines or more, with substantial losses. But the silver lining is that bull markets last an average of five to six years.
Oct 6 (Reuters) - US stock index futures rose on Tuesday as Treasury yields dipped from multi-year highs and oil prices retreated, offering investors some relief ahead of the quarterly earnings season.
Wall Street has never been this bullish on S&P 500 stocks, and that near-unanimous optimism may be exactly what puts SPY holders at risk heading into earnings season.
The equal-weight S&P 500 is on pace for its biggest underperformance versus the market-cap-weighted index in over three years — a sign of very weak market breadth that shows how heavily this record-setting rally is being driven by just a handful of names.