Wall Street hangs near its all-time high
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Almost everything in your 401(k) should be coming up a winner now.
US stock market jumped Friday as investors awaited the Fed-favored PCE inflation report. The S&P 500 rose 0.3%, Nasdaq added 0.4%, and the Dow gained 0.2%. Traders now see an 87% chance of a Fed rate cut next week.
If things seem too good to be true on Wall Street, history shows they probably are.
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.
The U.S. stock market rose to the edge of its all-time high. The S&P 500 added 0.2% Friday and finished just shy of its record closing level, which was set in October.
Friday’s market rebound was “not built on anything solid but something very ephemeral,” says strategist.
It's December 1, which means it's time to start thinking about the year ahead for stocks.
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,