CATH - S&P 500 Reaches New Highs

2024-01-30 04:42:00 ET

Summary

• S&P 500 continued rising slowly to record a series of new highs for another four days before dipping 3.19 points to close out the trading week ending on Friday, 26 January 2024 at 4,890.97.
• The trajectory of the S&P 500 is much more consistent with investors focusing their attention upon 2024-Q1 in setting current day stock prices.
• The CME Group's FedWatch Tool continued to signal investors expect the Fed will hold the Federal Funds Rate steady in a target range of 5.25-5.50% until 1 May 2024 (2024-Q2).

After breaking through it's previous record high last week, the S&P 500 (Index:[[SPX]]) continued rising slowly to record a series of new highs for another four days before dipping 3.19 points to close out the trading week ending on Friday, 26 January 2024 at 4,890.97 . Overall, the index was up a little under 1.1% for the week....

For further details see: