U.S. stocks approach record highs, focusing on Federal Reserve policy and sector rotation
ChainCatcher News, according to Golden Ten Data, US stocks are currently at historic highs, with the S&P 500 index just about 1% away from surpassing 7,000 points for the first time, and is expected to achieve its eighth consecutive monthly gain, marking the longest monthly winning streak since 2017-2018. Paul Nolte, Senior Wealth Advisor at Murphy & Sylvest Wealth Management, stated that unless an external unexpected event occurs, the path of least resistance for the stock market remains upward. The Federal Reserve meeting minutes will become the market focus next week, as investors closely watch when the Fed might further cut interest rates. The S&P 500 index has risen nearly 18% so far this year, while the Nasdaq has gained 22%.
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