US Edition
Stunning Turnaround: The Stock Market Is on the Precipice of an All
- The S&P 500 closed Tuesday just 0.85% below its all-time high while the tech-heavy Nasdaq-100 reached a fresh record high amid easing Middle East tensions.
- This rally followed a market correction in March and a bear market flirtation in April triggered by President Trump's April 2 tariff announcement and ongoing geopolitical risks.
- Technology led the rebound with an 18% gain since early April, prompting BMO to recommend a 33% allocation to the sector as momentum returns.
- Strategist Brian Belski raised his S&P 500 year-end target to 6,700, signaling a 10% upside from Tuesday's close amid markets shifting from 'scare me' to 'show me'.
- Investors balance optimism around fundamentals and geopolitical easing with concerns about tariffs and economic data, suggesting a cautious advance toward new highs is likely.
35 Articles
35 Articles
Stunning turnaround: US stock market on precipice of all
The S&P 500 is on the cusp of a record high. That's a remarkable change of events, since the index was on the brink of a bear market just two months ago.US stocks on Wednesday were mixed, with a new high for the S&P 500 less than 1 per cent away. The Dow was down 135 points, or 0.31 per cent, as of the early afternoon. The broader S&P 500 was flat and the tech-heavy Nasdaq Composite gained 0.25 per cent.The S&P 500 soared 2.1 per cent across the…
Stunning turnaround: The stock market is on the precipice of an all-time record | News Channel 3-12
By John Towfighi, CNN New York (CNN) — The S&P 500 is on the cusp of a record high. It’s been a remarkable change of events since the index was on the brink of a bear market just two months ago. The S&P 500 on Tuesday closed just 0.85% away from an all-time high. US stocks on Wednesday were set to open mixed. Dow futures were down 25 points. S&P 500 futures hovered around the flatline and Nasdaq 100 futures were up 0.15%. The S&P 500 soared 2.1%…
Stunning turnaround: The stock market is on the precipice of an all
By John Towfighi, CNN New York (CNN) — The S&P 500 is on the cusp of a record high. That’s a remarkable change of events, since the index was on the brink of a bear market just two months ago. US stocks on Wednesday were mixed, with a new high for the S&P 500 less
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