The S&P 500 closed the week at a new record high, marking its third record in four trading days and a 1.7% weekly gain. The index remains above both its 50- and 200-day moving averages, signaling continued technical strength and positive momentum.
The S&P 500 closed out the shortened-trading week at a new record high, its third in the past four trading days. The index posted a 1.7% weekly gain, its second consecutive week in the green.
The market internals are strong, in stark contrast to the upside breakout in February.
The report indicated that the services sector resumed growth.
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The positive technical indicator suggests momentum is building in bulls' favor.
JOLts Jobs Openings increased to 7.769 million, exceeding analyst expectations.
Shares of a crypto exchange surged more than 100%, while a beleaguered healthcare company deepened its losses.
The S&P 500 hit a new high as investor confidence rebounded, valuations climbed, and Wall Street upgraded 2025 forecasts. This puts focus on ETFs like SPY, VOO and IVV.
Last week, one of the two bounce scenarios I outlined played out nearly perfectly.
U.S. stock-market futures rose Sunday, after the S&P 500 and Nasdaq finished last week at record highs.
Employers and investors braced for an economic meltdown. It hasn't happened, though there are headwinds.