The SPDR S&P 500 (NYSE: SPY) reached a new all-time high of $526.80 on Wednesday after the Consumer Price Index (CPI) showed inflation pressures eased in April.
The S&P 500 breached the 5000 mark Friday after flirting with the record-breaking level on Thursday, buoyed by increasing positive sentiment that the Federal Reserve will apply six rate cuts this year.
The SPDR S&P 500 (NYSE: SPY) was inching slightly higher Wednesday, continuing to consolidate Monday’s 1.43% surge, which was driven by consumer inflation expecta
The SPDR S&P 500 (NYSE: SPY) was spiking about 0.6% higher Monday despite the President of the Cleveland Fed Loretta Mester issuing a warning that the recent market rally, prompted by heightened hopes of