Wall Street hangs near its all-time high
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As the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have climbed to never-before-seen levels, stock valuations are attempting to follow suit. Wall Street appears set to enter the new year with the second priciest stock market on record -- and history offers investors a dire warning of what's to come.
The S&P 500 edged down by 0.1% in early trading but remains within 1% of its all-time high set in late October. The Dow Jones Industrial Average was up 32 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower.
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The stock market got some help from the bond market, where Treasury yields were mixed following jumps the day before.
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Wall Street always loves a good consensus, especially when the stock market’s rip-roaring. That’s exactly when Bank of America’s fresh 2026 forecast becomes all the more interesting. According to a Business Insider report,
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