S&P 500 Hits Record High as Market Value Nears $70 Trillion
The S&P 500 reached another record high, lifting the combined market value of its constituent companies to approximately $69.7 trillion.
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The S&P 500 reached another record high, lifting the combined market value of its constituent companies to approximately $69.7 trillion.
The Shiller P/E ratio shows U.S. stocks trading at their second-highest valuation in history, behind only the dot-com bubble.
Markets rose as easing inflation fueled bets on two Fed rate cuts this year, with bond yields falling and the dollar retreating.