January 24, 2024

S&P 500 Reaches New Record High

Latest Publications S&P 500 Reaches New Record High

A Notable Winning Week

All three major U.S. equity indices finished positive in 11 of the past 12 weeks. Moreover, in a new milestone, the S&P 500 closed at a new all-time high of 4,839.81 on Friday, its first new record since January 3, 2022. Tech stocks led the charge higher following upbeat earnings from a world’s leading chipmaker in Taiwan. Investors seem comfortable with January’s rise in bond yields viewing the rise as a sign of the economy’s resilience.

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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.