S&P 500 breaks 5,600, heading towards new record highs

From Investing.com: 2024-08-20 09:10:00

Monday saw stocks continue to climb, with the S&P 500 rising 0.97% and approaching previous highs following early August volatility. Investor sentiment improved, with 42.5% bullish and 28.9% bearish. The Nasdaq 100 also made gains, reaching a local high of 19,767.43. The VIX dropped to 14.46 after reaching a high of 65.73, indicating less fear in the market. S&P 500 futures broke above 5,600, potentially heading towards new record highs. While the market may be entering a medium-term consolidation, the short-term outlook remains uncertain. Bulls seem to be regaining control, but a top may be nearing.



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