The S&P 500 Index Hits Intraday All-Time High, but U.S. Stock Market Trading Remains Light
According to Odaily, the S&P 500 index hit an intraday all-time high, rising 0.16%. However, early trading in the US stock market was subdued as the market analyzed labor market data for more clues about the Federal Reserve's interest rate path. Both the Nasdaq 100 index and the Dow index showed little change. Tom Essaye, founder of Sevens Report, stated that as the end of the year approaches, investors are firmly pricing in a soft landing for the economy. He believes that with optimistic expectations for strong earnings growth in the coming quarters, there is still upside potential for the stock market. (Golden Ten Data)
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