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SPUU - S&P 500 Rises As Bad News Shifts Investor Focus To 2024-Q3
Direxion Daily S&P 500 Bull 2X Shares
2024-07-08 08:35:00 ET
Summary
The S&P 500 had a strong week to start the calendar quarter for 2024-Q3.
The GDPNow tool's forecast for real GDP growth rate in 2024-Q2 has more than halved over the past two weeks.
The CME Group's FedWatch Tool forecasts the Fed will hold the Federal Funds Rate steady in a target range of 5.25-5.50% until 18 September.
The S&P 500 (SPX) had a strong week to start the calendar quarter for 2024-Q3. The index climbed nearly two percent from the previous week's close to end the trading week at 5,567.19 , a new record high....