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S&P 500 Hits New Record High Fueled by Trade Optimism
investor optimism over a potential trade agreement between the United States, China, and several trading partners.
The index rose by 0.4%, surpassing its previous peak from last February, supported by hopes for trade deals expected to boost economic growth.
The Nasdaq Composite increased by 0.3%, while the Dow Jones Industrial Average added approximately 0.4%.
These gains come despite economic challenges such as market declines in April and rising inflation rates.
However, strong performances in technology and artificial intelligence sectors, led by major companies like Nvidia and Microsoft, have been key drivers of the upward momentum.
Analysts suggest that markets are responding to expectations of interest rate cuts this year, while remaining cautious about global economic risks.
