S&P 500 Index Achieves New All-Time High Amid Powell's Testimony Impact
Tuesday, 9 July 2024, 17:47
S&P 500 Hits Record Highs
The S&P 500 index surged by 0.3% on Tuesday, anticipating its sixth positive close.
Powell's Testimony Impact
Fed Chair Jerome Powell's testimony provided mixed signals, emphasizing the need for confidence in the 2% target and warning about a potential weakening labor market.
Market Resilience
The market remained resilient post Powell's comments, as investors assessed his statements cautiously.
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