S&P closes at record high

On Friday, the predominant gauge of the U.S. stock market achieved a historic milestone by closing above 5,000 for the first time.

This significant psychological benchmark has been a focal point for investors amidst a flurry of fourth-quarter earnings reports.

The latest record closing high, approximately at 5,026, reflects the conclusion of a Q4 reporting season characterized by mixed but generally positive results.

This achievement marks another progression in the ongoing bullish trend that has propelled the market into uncharted territory.

A contributing factor to this upward momentum is the anticipation of potentially lower interest rates in the future, Axios reported.

READ MORE: https://www.axios.com/2024/02/09/stock-market-record-high-sp-500-5000

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