The S&P 500 Is Around Record Highs, and History Says It’s Going Even Higher
From Nasdaq: 2024-05-29 06:31:00
The S&P 500 has been setting new highs, most recently closing at 5,321.41 on May 21. The index is made up of the 500 largest U.S. companies, and historically, record highs have eventually been broken. While timing is unpredictable, the market tends to go higher over time due to growth opportunities.
Stocks go higher when revenue and earnings rise, while macro trends like interest rates also play a role. Threats such as economic recessions and high valuations can send stocks lower. Despite these factors, the stock market generally moves higher over time, and history shows that new highs will come eventually.
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