ASX Rises as Aussie Dollar Nears Eight-Month High: Market Updates
The S&P 500 hits a new all-time high, but caution is advised as not all US equities have fully recovered. Uncertainty surrounding trade tensions and Trump's policies may slow down the market's growth. Capital Economics predicts the S&P 500 to reach 6,250 by year-end.
The S & P 500 index has reached a new all-time high, but Capital Economics warns against excessive celebration due to past market fluctuations. While the S & P 500 has returned to its previous peak, not all US equities have fully recovered. The Russell 2000 index for small caps and big tech stocks are still below their respective peaks. Additionally, the S & P 500's record is only for dollar-based investors, and uncertainties such as trade tensions and policy decisions may hinder rapid growth. Capital Economics predicts the S & P 500 to end the year slightly above its current level.
According to the source: Australian Broadcasting Corporation.
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