What the S&P 500 at 5000 means for your money

What the S&P 500 at 5000 means for your money

The S&P 500 index closed above 5,000 for the first time on Friday, with investors showing continued optimism about cooling inflation, strong earnings and a resilient economy.

Besides being a big, round number, 5,000 isn’t a particularly important threshold for the broad barometer of the US stock market per se. But the market’s push to new all-time highs is a sign that investors have confidence in the direction of the economy. Stocks in the index are up 5.9% year-to-date and 23% over the past 12 months.

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