S&P 500 looks ‘accident prone’ as it nears 5,000 milestone

by | Feb 8, 2024 | Stock Market

The U.S. stock market appears more “accident prone” because of high valuations, as the S&P 500 index nears its 5,000 milestone, according to Leuthold Group. The S&P 500, a gauge of large-cap stocks in the U.S., ended just shy of 5,000 on Wednesday, while notching another record close this year, according to FactSet data. The index
SPX
gained 0.8%, ending at 4,995.06.

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[mwai_chat context=”Let’s have a discussion about this article:nnThe U.S. stock market appears more “accident prone” because of high valuations, as the S&P 500 index nears its 5,000 milestone, according to Leuthold Group. The S&P 500, a gauge of large-cap stocks in the U.S., ended just shy of 5,000 on Wednesday, while notching another record close this year, according to FactSet data. The index
SPX
gained 0.8%, ending at 4,995.06.

…nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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