S&P 500 index tops 3,000 for first time — here’s how the stock market got here and what it means

Five years in the making. That is the time it has taken for the S&P 500 stock index to travel from its previous thousand-point plateau to an intraday milestone of 3,000 for the first time in its history. It remains to be seen if the benchmark can close at that level, but the sojourn above that mark may hold some importance.

“Momentum could continue to push markets higher in the next few days now [that] the Fed’s stance is more clear,” wrote Adrian Lowcock, head of personal investing at investment platform Willis Owen, in a Wednesday note. Read: Powell says uncertainties ‘continue to weigh’ on U.S. economic outlook and Fed stands ready to act

Biggest gainers? Biggest losers? Alongside the S&P 500, the Dow Jones Industrial Average DJIA, +0.29% and the Nasdaq Composite Index COMP, +0.75% were testing fresh all-time highs. Powell on Wednesday told a House committee that policy makers at the rate-setting Federal Open Market Committee were committed to using their tools to help the economy, and in many ways the market, sustain its record expansion.

¯\\_(ツ)_/¯

when you print money out of thin air everything is just a number Duh !

its IS just a number

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

These S&P 500 sectors show this bull market has more to runSectors that typically lag prior to market tops are holding up well, writes Mark Hulbert.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Banks should shine among S&P 500 stocks this earnings seasonGet ready, investors: Large U.S. banks are in the best shape they have been in for 30 years, this head of value equity says
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

S&P 500 ekes out gain as earnings worries loomThe S&P 500 ended slightly higher on Tuesday as gains in tech-related shares off... 💵 they are really both playing fortnite and just got pwnt
La source: Reuters - 🏆 2. / 97 Lire la suite »