S&P 500 Gains Fourth Consecutive Week
The S&P 500 index rose by 0.55% this week, marking its fourth consecutive winning week. Market advances were driven by hopes of renewed negotiations between the U.S. and Iran, alongside a strong forecast from Intel. The index reached a record high during this period. Analysts suggest market advances are partially driven by hopes regarding U.S.-Iran relations. President Trump noted that the ongoing war has had a smaller impact on markets and oil prices than initially expected, though he cautioned Americans to expect higher fuel costs for a period. S&P Global's Daniel Jurgen discussed potential global economic disruptions related to fertilizer and helium supplies.
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Sources · 7 independent
Bloomberg Radio
“Four in a row for the S&P 500 index, with the S&P this week up by .55%. A number of reasons for the advance, hopes that the U.S. and Iran will be back to the negotiating table, drove the S&P to a record”
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