Posted 1/19/2024, 9:23:18 PM
Stocks Hit Record High, Confirming New Bull Market
- Stocks have entered a bull market, reflecting optimism about corporate profits and the economy
- The S&P 500 closed at a record high on Friday, overcoming 2022 highs
- Investors now betting that lower rates will expand profits, while economy remains solid
- Hitting record ends debate about whether rally was temporary or reflected lasting confidence
- For average person, “bull market” label means hearing more about rising stocks overall