Posted 2/12/2024, 1:42:49 PM
S&P 500 Hits Milestone 5,000 Mark as Tech Stocks Climb; Investors Await Inflation Data
- S&P 500 settled above 5,000 for the first time ever, gaining 1.4% over the past week
- Technology stocks continue leading market gains, with companies like Applied Materials, Nvidia, Alphabet, Amazon, and Microsoft moving higher
- Consumer Price Index economic data being released on Tuesday will provide insight into inflation
- Bond yields have been climbing since December, reducing expectations for a Fed rate cut in March
- Multiple big companies like Deere, Applied Materials, Coinbase, and DraftKings reporting earnings this week