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Gate Square New & Returning Creator Rewards are ongoing!
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U.S. stocks near all-time highs, focusing on Federal Reserve policies and sector rotation
Mars Finance reports that the US stock market is currently at a historic high. The S&P 500 index is only about 1% away from breaking through 7,000 points for the first time, potentially marking the eighth consecutive month of gains and setting the longest monthly rally since 2017-2018. Murphy & Sylvest Wealth Management senior wealth advisor Paul Nolt stated that unless an external shock occurs, the least resistance path for the stock market remains upward. The Federal Reserve meeting minutes will be the market’s focus next week, with investors closely watching when the Fed might cut interest rates further. The S&P 500 has risen nearly 18% this year, and the Nasdaq has increased by 22%.