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Economists Optimistic After Stocks Hit New Record

2024-02-09 2,050 Dailymotion

Economists Optimistic, After Stocks Hit, New Record.<br />NPR reports that the S&P 500 has risen<br />above 5,000 for the first time in history.<br />The broad-based U.S. index of the most-known companies around the globe opened over the <br />historic milestone at the opening bell on February 9. .<br />Investors are feeling <br />optimistic that we have <br />sidestepped a recession, Sam Stovall, chief investment strategist <br />at the financial research firm CFRA, via NPR.<br />According to the latest economic data, the Federal <br />Reserve appears poised to pull off its goal of achieving <br />a so-called "soft landing" for the U.S. economy. .<br />The potential good news comes after a year-long <br />rate-hiking campaign by the Fed to combat high <br />inflation amid widespread fears of a recession.<br />So far, the S&P 500 is up over 5% <br />in 2024, coming off of a strong 2023, <br />which saw the index gain 24%.<br />NPR reports that a select group of stocks, <br />referred to as "The Magnificent Seven,"<br />accounted for most of the market's broader gains.<br />Those companies include , Alphabet, Amazon, Meta, <br />Microsoft, Nvidia and Tesla.<br />Those companies include , Alphabet, Amazon, Meta, <br />Microsoft, Nvidia and Tesla.<br />Those companies include , Alphabet, Amazon, Meta, <br />Microsoft, Nvidia and Tesla.<br />Those companies include , Alphabet, Amazon, Meta, <br />Microsoft, Nvidia and Tesla.<br />It's a couple growth sectors, <br />and that's it. What's leading <br />the market is still more <br />growth-y, tech-y stocks, Stephen Suttmeier, chief equity technical <br />strategist at Bank of America, via NPR.<br />If you look at the history, <br />my guess is we spend some <br />time above 5,000, probably <br />spend some time below 5,000, Stephen Suttmeier, chief equity technical <br />strategist at Bank of America, via NPR.<br />And I think we <br />can actually move <br />well beyond 5,000, Stephen Suttmeier, chief equity technical <br />strategist at Bank of America, via NPR

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