WIP - U.S. Stock Market At Record While Drawdowns Prevail Elsewhere
2024-01-22 18:54:00 ET
Summary
- S&P 500 Index closed at a record high for the first time in more than two years.
- Global Market Index ended last week with a relatively mild 3.2% drawdown.
- US stock market's recent gains attributed to consensus on controlled inflation and a soft landing, but some skepticism remains.
Wall Street celebrated on Friday when the S&P 500 Index, the most popular benchmark of US shares, closed at a record high for the first time in more than two years. The celebration, however, was an outlier as the rest of the major asset classes continued to trade below previous peaks in varying degrees, based on a set of ETFs through the close of trading on Jan. 19....
U.S. Stock Market At Record While Drawdowns Prevail Elsewhere