S&P 500 Hits All-Time High in Historic Bull Run: Markets Wrap
- US consumer sentiment jumps, price outlook hits three-year low
- Fed officials say data don’t show it’s time for a rate cut yet
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Wall Street ended the week on a positive note, with stocks closing at all-time highs on speculation the Federal Reserve will start cutting rates this year — bolstering the outlook for Corporate America.
Another rally in the S&P 500’s most-influential group — technology — drove the gauge to a record for the first time in two years. Fueled by hopes the artificial-intelligence boom will keep powering the market higher, the benchmark topped 4,800 — defying warnings that the rally remains concentrated in a narrower group of shares.