S&P 500 Tops 6,000 Milestone
<!–>
The S&P 500’s 6,000 mark “is a psychologically significant milestone, and could invite even more investor interest in stocks, since there is still plenty of money sitting on the sidelines in money market funds and in bonds,” said Clark Geranen, CalBay Investments.
–> <!–>
While the post-election rally likely has more upside ahead, Geranen said he would not be surprised to see stocks take a breather before rallying again into year-end.
–> <!–>
The S&P 500 rose 0.6%. The Nasdaq 100 added 0.3%. The Dow Jones Industrial Average rose 0.7%.
–>
Treasuries are poised for their best weekly advance since early September after a volatile five days of trading, while the dollar headed toward a sixth straight week of gains.
(Credit: Adobe Stock)
Copyright 2024 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.