The US stock market has reached a new all-time high, continuing its upward journey this week. On Friday, both the S&P 500 and Nasdaq indexes closed at record levels, according to Reuters. Positive sentiment was driven by growing hopes of trade agreements and expectations of interest rate cuts by the Federal Reserve.
Investor optimism rises despite some concerns
While news of a trade disagreement between the US and Canada slightly cooled investor enthusiasm, all three major US indexes still posted weekly gains. The tension began when President Donald Trump ended trade talks with Canada after it imposed a digital tax on tech companies. However, the overall market reaction remained positive.
Nasdaq enters bull market territory
With Friday’s record close, the Nasdaq index officially entered bull market territory. Meanwhile, the Dow Jones index is still 2.7 percent below its own record high, which was set on December 4. Analysts believe the market is showing strong resilience and flexibility.
S&P 500 sets new record
The S&P 500 rose 0.5 percent to close at 6,173.07, hitting its highest level ever. This is the first time it set a new record since February 19. The Nasdaq Composite also climbed 0.5 percent, reaching its highest point since December 16.
Dow Jones climbs but still short of record
The Dow Jones increased by 432 points, or 1 percent. But it still needs to rise around 1,200 more points to break its previous high. Market volatility over the past two months, largely due to tariff uncertainties, had wiped out an estimated $9.8 trillion in market value. But Friday’s surge has helped the market recover all of those losses.
