The S&P 500 slipped on Thursday after briefly touching a fresh all-time intraday high, as oil prices rebounded from earlier losses. Investors continued to monitor developments surrounding potential negotiations between the United States and Iran.
S&P 500 hits record highs as falling oil and AI momentum fuel tech stocks while traders watch closely for a key market reversal signal.
The trade is fairly simple: sell downside protection in semiconductor names where volatility is expensive, and buy downside protection in the S&P 500, where it's relatively cheap.
The S&P 500 Index futures continued soaring today, May 7, reaching their all-time high, despite the existing geopolitical tensions in the Middle East. It rose to $7,390, up sharply from the year-to-date low of $6,352.
“I own my home and I have no debt.”
With profit margins now twice their historical average, big U.S. stocks are priced for perfection.
The last big week of earnings is here, and investors have good reason to be hopeful that the results will continue to power the stock market to record highs.
Three Big Tech companies have had an outsize impact on first-quarter profit performance.
Strong tech earnings helped propel stocks higher on Friday.
The S&P 500 closed April at a fresh record high, capping its strongest monthly performance in over three years, as investors weighed escalating geopolitical tensions in the Middle East against robust corporate earnings and signs of continued economic resilience in the United States. The benchmark index rose 1% on Thursday, taking its gains for the month to more than 10% its best showing since November 2020.
The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.
The S&P 500 Index SPX+0.91% continues to make all-time highs. The benchmark finds near-term support at about 7,120, with perhaps a bit stronger support at 7,050 (last week's lows) and finally at 7,000.