S&P 500 reclaims the 4000 mark, as US equities record its best month since 2020 – by christianborjon SP500 Nasdaq DowJones DollarIndex Bonds
The S&P 500 closed the week gaining 1.42%, at 4,130.28, while the tech-heavy Nasdaq rose 1.88%, up to 12,390.69. Additionally, the Dow Jones Industrial followed suit and climbed 0.97%, finishing at 32,845.13.
Shares fell due to Walmart cutting its earnings forecast, complaining about double-digit food prices and elevated energy prices. Additionally, the US Federal Reserve monetary policy decision is looming, and Europe’s escalating energy crisis re-ignited recession fears amongst traders, which turned to safe-haven assets, namely the greenback.
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