Tag Archives: fresh

S&P 500 hits fresh record high ahead of jobs day

S&P 500 hits fresh record high ahead of jobs day

Another closely followed index is set to make a new record close. The S&P 500 equal-weight index (^SP500EW) is on track for its first record-high close since January 2022. While the traditional S&P 500 (^GSPC) is market-cap weighted, meaning a few large stocks have an outsized impact on the index’s performance, the equal-weight index values all 500 stocks in the index equally. As Goldman Sachs equity strategy team highlighted in Yahoo Finance’s Charbook back in January, this led to outsized… Source link

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Stocks rise as S&P 500 hits fresh record to kick off earnings-packed week

Stocks rise as S&P 500 hits fresh record to kick off earnings-packed week

US stocks edged higher Monday, with the S&P 500 notching another record close as investors braced for a busy week packed with Big Tech earnings updates, a Federal Reserve rate decision, and the crucial US jobs report. The Dow Jones Industrial Average (^DJI) drifted 0.6% higher, while the S&P 500 (^GSPC) rose 0.8% to build on last week’s wins for the indexes. The tech-heavy Nasdaq Composite (^IXIC) gained over 1%. With five of the “Magnificent Seven” tech companies set to report earnings, it Source link

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