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IMCV - S&P 500 Closes Its Best Quarter Since 2019 At Record High
iShares Morningstar Mid-Cap Value ETF
2024-04-01 08:32:00 ET
Summary
The S&P 500 closed out its best quarter since 2019 at a new record high of 5,254.35.
The index has risen by just over 10% in value since 2023-Q4 ended, largely propelled by expectations the Federal Reserve would be cutting interest rates in 2024.
As 2024-Q2 begins, the CME Group's FedWatch Tool projects the Fed will hold the Federal Funds Rate steady in a target range of 5.25-5.50% until 12 June 2024 (2024-Q2).