The S&P 500 index closed at an all-time excessive Monday, extending a current string of features in what’s largely been a stable month for the market. AP studies:
The benchmark index closed at 3,039.42, round 14 factors above its earlier file 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 studies 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 firms which have reported quarterly outcomes the previous couple of weeks that beat Wall Avenue analysts’ forecasts for earnings progress.