The S&P 500 index closed at an all-time excessive Monday, extending a latest string of features in what’s largely been a stable month for the market. AP reviews:
The benchmark index closed at 3,039.42, round 14 factors above its earlier file set on July 26. The S&P 500 notched its newest milestone after weeks of hovering just under its prior excessive.
Monday’s rally got here originally of a busy week of company earnings and financial reviews and with buyers anticipating one other rate of interest lower by the Federal Reserve.
Coming into this week, buyers have been inspired as a lot of the firms which have reported quarterly outcomes the previous couple of weeks that beat Wall Road analysts’ forecasts for earnings development.
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