Joe Biden's record breaking economy continues to set heights never seen before. At this rate they may just cancel the November elections and declare Joe Biden president for life - at least another 3-4 years.
www.forbes.com
The S&P 500 topped 5,000 for the first time ever Thursday, a weighty breakthrough as the stock market navigated a challenging economic environment and a devastating 2022 to new heights.
The S&P gained a modest 0.1% to as high as 5,000.40 shortly before markets closed at 4 p.m., breaking its prior intraday high of 4,999 set Wednesday.
The benchmark stock index, which tracks the share prices of 500 of the largest American public companies, is up 5% year-to-date and 43% from its October 2022 nadir of below 3,500, when investor fears peaked about the direction of interest rates amid stubbornly high inflation.
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S&P 500 Breaks 5,000 For First Time In History
The benchmark stock index is up 43% from its October 2022 nadir as investor confidence was miraculously restored in the face of high interest rates.
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The S&P 500 topped 5,000 for the first time ever Thursday, a weighty breakthrough as the stock market navigated a challenging economic environment and a devastating 2022 to new heights.
The S&P gained a modest 0.1% to as high as 5,000.40 shortly before markets closed at 4 p.m., breaking its prior intraday high of 4,999 set Wednesday.
The benchmark stock index, which tracks the share prices of 500 of the largest American public companies, is up 5% year-to-date and 43% from its October 2022 nadir of below 3,500, when investor fears peaked about the direction of interest rates amid stubbornly high inflation.