S&P 500 Index Hits Record High; JPMorgan Still Expects Rally to Continue
TradingKey - Several major global stock indices have recently reached all-time highs, with the Philadelphia Semiconductor Index rising for 18 consecutive trading days, marking its longest winning streak on record. After a decline of nearly 10%, the S&P 500 took only 11 trading days to return to pre-conflict levels and hit a record high last Friday. At the close of that day, the S&P 500 rose 0.8% to 7,165.08, after reaching an intraday high of 7,168.59.