S&P 500 Surpasses 5,000 Points for First Time, Signaling Strong Market Confidence

The S&P 500's historic rise above 5,000 points reflects optimism in the economy, driven by strong corporate earnings and hopes for cooling inflation.

The S&P 500 index closed above 5,000 points for the first time, marking its 14th winning week in the last 15.
Big Tech stocks, including Nvidia, Microsoft, and Amazon, led the market's gains, with Nvidia reaching a record high.
Weak performances from companies like PepsiCo and Expedia, which reported lower-than-expected revenues and bookings, respectively, contrasted the overall market optimism.
U.S. Treasury yields rose slightly, indicating a stable bond market despite expectations of delayed interest rate cuts by the Federal Reserve.
Global equities also saw gains, with the MSCI All Country stock index climbing to a third consecutive weekly gain amid rising U.S. yields.