S&P 500 sets all-time high, welcomes another company to $1 trillion market cap club
The U.S. stock market reached new heights with the S&P 500 setting an all-time high. This surge was driven by strong performances from major companies, particularly in the technology sector. However, concerns about inflation and ongoing geopolitical tensions continue to loom over the market.
- ▪The S&P 500 climbed 0.6% to set an all-time high, while the Nasdaq composite rose 1.2%.
- ▪Micron Technology's stock surged 19.3% after analysts raised their price target significantly.
- ▪Lower oil prices contributed to a decrease in U.S. Treasury yields, easing pressure on Wall Street.
Opening excerpt (first ~120 words) tap to expand
The U.S. stock market rose to records Tuesday as it caught up with climbs for others around the world from the day before, when President Donald Trump said negotiations were “proceeding nicely” with Iran on ending their war.Recommended Video The S&P 500 climbed 0.6% after trading resumed following Monday’s holiday and set an all-time high. The Nasdaq composite rallied 1.2% to set its own record, while the Dow Jones Industrial Average dipped 118 points, or 0.2%, from its all-time high. Stock markets in much of the rest of the world pulled back from their gains the day before, as fighting continued in the region and the U.S. military said it carried out “self-defense” strikes in southern Iran, including on missile launch sites and boats placing mines.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
Discussion
0 commentsMore from Fortune
