Another record high S&P 500: Wednesday's market takeaways

Yeah, I think we're done, but no, we got record eyes for all three major indexes, right?But I think largely the rallies seem to be driven by the economic data that we got this morning.

So when you think about the headwinds, we talked about during the April drawdown and you rising tenure, right?Well, in the last month, we've sort of reversed that conversation when you add that up, it kind of makes sense that the markets rally.

Now, this is the first time Belskis moved his target yet this year, we've been talking a lot about the strategists moving. Normally from May to December stocks do particularly well, they gain, he got to 5600 using a 7% gain from where we were yesterday and over 70% of the time if we have the first five months, like we just had that is what happens.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 first-quarter earnings outlook improves this week, LSEG data showYear-over-year S&P 500 earnings growth for the first quarter of 2024 is now seen at 4.3%, according to LSEG data
Source: globeandmail - 🏆 5. / 92 Read more »

Stock market today: S&P 500 futures rise with focus on earningsInvestors have put rate-cut worries on the backburner to focus on earnings season instead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »