S&P 500 Hits New Record High Amid Positive Economic Growth

Investing strategists predict further growth, citing lower interest rates and growing corporate earnings as key factors.

The S&P 500 has registered a new record high, with top investing minds at BMO, Truist and UBS predicting further growth due to lower interest rates, positive economic growth, and growing corporate earnings.
The recent stagnation and brief pullback in the S&P 500 is viewed as a healthy break in the market, with the bull market expected to continue.
Strategists suggest investing in high-quality stocks with healthy balance sheets and sound earnings, particularly US technology companies that provide exposure to artificial intelligence.
The S&P 500's resurgence is largely based on investors' hopes for artificial intelligence and cost-cutting efforts that fueled a profit boom at major technology companies.
Despite a choppy start to the year for stocks, the S&P 500 has posted its first record close in more than two years, breaking a streak of 512 trading days without a fresh record closing high.