CSTNL - S&P 500 Looking To Gain Footing Near Record High

2024-03-12 05:35:00 ET

Summary

• The S&P 500 dipped during the first full trading week of March 2024; the index closed out the week at 5,123.69.
• The Fed's confirmation followed last week's hint from Fed officials that they plan to implement a new kind of quantitative easing-style program to provide some relief from elevated interest rates.
• The Fed is expected to begin a series of quarter-point rate cuts starting on that date, continuing into mid-2025 at six- to twelve-week intervals.

The S&P 500 (SPX) dipped during the first full trading week of March 2024. The index closed out the week at 5,123.69 , a little less than 0.3% below where it ended the previous week....

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