S&P 500 Notches Its 50th All-Time High in 2024: Markets Wrap
- US consumer sentiment advances to highest level since April
- Equities see biggest inflow since June on the day of Trump win
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Stocks rose at the end of their best week in 2024 amid solid consumer sentiment data and bets that newly elected President Donald Trump’s pro-growth agenda will keep fueling Corporate America.
Equities advanced for a fourth consecutive session, with the S&P 500 hitting its 50th record this year. The gauge extended its weekly gain to 4.7%. A breakneck rally in Tesla Inc. catapulted Elon Musk’s electric-vehicle maker back over the coveted trillion-dollar mark. The cohort of defensive shares took the lead on Friday after some groups hit “oversold” levels.