The S&P 500 index closed at an all-time excessive Monday, extending a current string of positive factors in what’s largely been a stable month for the market. AP experiences:
The benchmark index closed at 3,039.42, round 14 factors above its earlier report set on July 26. The S&P 500 notched its newest milestone after weeks of hovering slightly below its prior excessive.
Monday’s rally got here originally of a busy week of company earnings and financial experiences and with traders anticipating one other rate of interest reduce by the Federal Reserve.
Coming into this week, traders have been inspired as many of the corporations which have reported quarterly outcomes the previous couple of weeks that beat Wall Avenue analysts’ forecasts for earnings development.
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