February 26, 2024

S&P 500 Ends at All-Time High

Latest Publications S&P 500 Ends at All-Time High

Small Caps Backpedal

All three major U.S. equity indices more than recouped prior week losses amid renewed optimism that was bolstered by a solid blowout earnings report from the world’s leading AI chipmaker. Its earnings resulted in the largest singleday increase for a U.S. company in history (greater than $277B in market value) and drove the S&P 500 and Nasdaq to weekly gains for the 15th time in the past 17 weeks. The majority of economic reports were also supportive to markets last week, highlighting a stronger economy and still healthy labor market.

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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.