The S&P 500 Index has achieved a historic milestone by closing above the 5,000 mark for the first time, signaling strong investor confidence in the U.S. economy. This record-setting performance was driven by a rally in megacap stocks and chip companies, including Nvidia, which have been buoyed by optimism surrounding artificial intelligence technology. The positive movement in the S&P 500 was further supported by earnings data, with 65% of companies beating revenue estimates for Q4. The Nasdaq also saw significant gains, surpassing 16,000 briefly and gaining 1.25%, while the Dow experienced a slight dip of 0.14%. The market's robust performance is underscored by the S&P 500's earnings growth of 9% year over year for Q4 2023, a series of 10 intraday record highs throughout the year, and the S&P 500 being up 5.4% YTD.
The S&P 500 breached the 5,000 level for the first time ever, according to CommSec’s Tom Piotrowski. https://t.co/la7Tw6StAZ
The forward 12-month P/E ratio for $SPX of 20.3 is above the 5-year average (18.9) and above the 10-year average (17.7). #earnings, #earningsinsight, https://t.co/w5FuEMfeJX https://t.co/uERG7M8gfq
The S&P 500 has risen 14 of the last 15 weeks, the most since 1972, per Bloomberg https://t.co/wGIl9FJHDO
Learnings and conclusions from this week’s charts: 1. The S&P 500 finally crossed above the 5000 level. 2. A number of short-term risk indicators are lighting up (sentiment, breadth, financial conditions). 3. Valuations are also getting elevated as confidence surges. 4.…
S&P 500 up more than 5% YTD so far this February. I found 28 other years that were up at least 5% YTD at some point during Feb. Final 10 months? Higher 25 times and up another 13.3% on avg. Full year? Higher 26 out of 28 times and up 21.3% on avg. https://t.co/UCuILNxZJN
The median S&P 500 stock has moved 3.6% after reporting fourth quarter results this earnings season, nearly a point higher than the 2.7% median over the past 10 years
Commentary: When the Dow Jones Industrial Average crossed the 5,000 threshold, many already thought the party might be over. It wasn’t. https://t.co/pOGE5JItpB
$SPX is reporting Y/Y revenue growth of 3.9% for Q4 2023, which would be the 13th straight quarter of revenue growth for the index. #earnings, #earningsinsight, https://t.co/w5FuEMfeJX https://t.co/8dPYitU8RW
$SPX is reporting Y/Y earnings growth of 2.9% for Q4 2023, which would be the 2nd straight quarter of earnings growth for the index. #earnings, #earningsinsight, https://t.co/w5FuEMfeJX https://t.co/qPlRVmtQG5
Stocks rose on Friday, with the S&P 500 index closing above 5,000 for the first time amid a rally fueled by better-than-expected earnings reports. https://t.co/YEeHwGutXO
Good news for folks as we start the weekend. The stock market going strong is a sign of confidence in America’s economy. https://t.co/3nnSiVWOYP
The S&P 500 has closed higher in 14 out of the last 15 weeks. That hasn't happened since 1972. $SPX https://t.co/hC1SDSZfJa
The S&P 500 is already up 5.4% on the year, well above the 1.9% average gain Wall Street strategists were predicting for all of 2024. $SPX Video: https://t.co/jUqedIGoHm https://t.co/aY6sQK0kyV
The S&P 500 ended the week at another all-time high, its 10th of the year. $SPX Video: https://t.co/jUqedIGoHm https://t.co/oIqIkPbJSu
The S&P has now gone more than 70 trading days without a 2% pullback. https://t.co/621KGd5Bz9
The S&P 500 has risen 14 of the last 15 weeks, the most since 1972, according to Bloomberg https://t.co/vR1uRZXkc4
The S&P 500 closed above 5,000 for the first time on Friday and the Nasdaq gained 1.25%. The optimism, however, didn’t extend to the Dow, which dipped 0.14% https://t.co/K7yvM1wJdD https://t.co/Z4MhJNvq5F
*MEGACAPS RALLY PUSHES S&P 500 TO FIRST CLOSE ABOVE 5,000 MILESTONE AS STOCKS NOTCH 5TH STRAIGHT WINNING WEEK https://t.co/pwgz9Y0RPN 👈 $SPY $QQQ https://t.co/7PuQTMOH7k
WATCH: The S&P 500 closed above 5,000 for the first time on Friday and the Nasdaq gained 1.25%. The optimism, however, didn’t extend to the Dow, which dipped 0.14% https://t.co/cQzsAf2kWN https://t.co/UAg56SNv7v
WATCH: Positive earnings and the boost from AI optimism has helped the S&P 500 to notch 10 intraday record highs so far this year. The benchmark index for the US stock market closed above 5,000 for the first time on Friday https://t.co/cQzsAf2SMl https://t.co/Ay90KNx8MJ
Positive earnings and the boost from AI optimism has helped the S&P 500 to notch 10 intraday record highs so far this year. The benchmark index for the US stock market closed above 5,000 for the first time on Friday https://t.co/K7yvM1wJdD https://t.co/zH2WfwMMIx
The S&P 500 closed above 5,000 for the first time on Friday and the Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks including Nvidia as investors bet on AI and eyed strong earnings data https://t.co/K7yvM1wJdD https://t.co/4BW6GSuKY7
WATCH: The S&P 500 closed above 5,000 for the first time on Friday and the Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks including Nvidia as investors bet on AI and eyed strong earnings data https://t.co/cQzsAf2kWN https://t.co/9qllCx5cj8
The Bull Market Rolls On as the S&P 500 Breaks Through 5000. Play Ball! https://t.co/7C5fd0kTKj
The S&P 500 index rose above the 5,000 mark for the first time, as a tech rally and better-than-expected earnings continued to carry Wall Street higher. https://t.co/vVPoAb6Qnr
The S&P 500 now trades at 21x this year's earnings Have a great weekend! https://t.co/Jg7BxTyac4
The S&P 500 Index finished above 5,000 for the first time ever Friday as investors continue to bet on the resilient US economy: Here’s your Evening Briefing https://t.co/9XH0Qr8lGS
Megacaps rally pushes S&P 500 to first close above 5,000 milestone https://t.co/Bll44iypXH https://t.co/dd8WSbxTDG
S&P 500 earnings are back to growing at their faster pace since 2022 https://t.co/BleBLKpc7Y
65% of $SPX companies have beaten revenue estimates to date for Q4, which is below the 5-year average of 68% but above the 10-year average of 64%. #earnings, #earningsinsight, https://t.co/w5FuEMfeJX https://t.co/6DjkUblH46
S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG https://t.co/adJqVBSwY5 https://t.co/IF3XnsrRsK
Excellent Wall Street performance lately as S&P climbs over 5,000
The S&P 500 vaulted past the 5,000 milestone for a second day and Nasdaq surpassed 16,000, with boosts from megacap stocks and chip companies, including Nvidia as investors bet on artificial intelligence technology and eyed strong earnings data https://t.co/BqjBSepVLC https://t.co/c7t8AVfFrI
Stock market today: Wall Street waltzes past its latest milestone as S&P 500 closes above 5,000 https://t.co/fAZ55YZGJJ
The S&P 500 tops 5,000 as the US economy hums along, and Vice President Harris blasts the special counsel’s Biden report https://t.co/hgLeHiWKX8
“The market has been even better than we expected,” says @3F_Research’s @WarrenPies after the S&P 500 made #history today by closing above the 5,000 mark. @MorganLBrennan $SPX https://t.co/vRlxCcHkuS