S&P 500 is closed in a standard number star-news.press/wp

After a few months of commercial wars, inflation concerns, and shake the geopolitical sanctuary, the S&P 500 defeated another jump forward – as it closed at all the time of 6,173.07 on Friday (over the February record). This successive days represents a new level test, a clear sign that investor morale rides the top of renewed optimism.

The gains depend on an increase on Thursday, when the index broke a four -month -old roof and talked about a continuous bull tour. Early on Friday’s session, the index rose to the February Summit (6,147.43) for the second consecutive day, fueled by a strong mixture of enthusiasm around artificial intelligence and economically friendly signals from the Federal Reserve. Investors chanted from expected commercial addresses, federal reserve data, cooler inflation data, and the solid profits of Amnesty International that operate Megacap shares. Add to reduce tensions in the Middle East, and the feelings were high.

However, mood reduced in the middle of the day when President Donald Trump suddenly ended trade negotiations with Canada, citing digital services taxes on American technology companies and even hinting to Iran’s renewable options – comments of stifling momentum and causing a modest decrease. Nevertheless, the index managed to increase 0.5 % a day, confirming the elasticity of upward feelings.

The United States of Chinese’s official agreement continues to accelerate rare land exports and reduce restrictions on advanced chip technologies in suppressing global trade anxiety, giving the elevator to industrial and technology sectors-a penetration that comes alongside news that the United States offers commercial deals with at least 10 countries. The momentum in trade, especially in the sectors sensitive to supply chains and definitions, gave investors another reason to return to the most dangerous assets. The inflation data came in May in the stakes of good dealers, which enhances the stakes of traders that the Federal Reserve may reduce interest rates later this year.

The ceasefire between Israel and Iran – which is still fragile, but reservation – has helped cool oil prices, which led to the movement of one of the most persistent risks of the market in the summer and the release of a sigh of relief from Wall Street, weeks after the political geography portfolio. The price of crude decreased by more than 6 % through two sessions earlier this week, in a two -day segment since March 2022, providing relief to both inflation and arrow watchers.

This cooling in tensions in the Middle East helped one of the largest market risks in the summer, while the US dollar is the weakest-now at its lowest level for three years-beyond increasing pressure on shares. The bond yields, too, was drifted in modern sessions.

The Dow Jones industrial average increased 432 points, or about 1 %, on Friday, while Nasdak increased by 0.5 %. The assembly supports the narration of the market that has turned – again – towards optimism is the soft landing.

The President of the Federal Reserve, Jerome Powell, repeated this week that the central bank continues to “depend on data” and continues to refer to the “waiting and vision” position on the discounts in the rate of benefits, which confirms that officials will rely on data that shows the effect of President Donald Trump’s tariff. Investors quietly priced them in reducing July prices-it is still seen as unlikely that there are about 20 % of possibilities-but they are now seeking better possibilities than ever in September (more than 50 %).

The new inflation data released on Friday morning showed that the PCE CORE rose by only 0.1 % in May-a sign that price pressures continue to cool down and a major factor behind the growing stakes in the market. With inflation and labor markets that only show enough softness to justify the Duofish axis, investors are restored to the idea that the Federal Reserve may already hold down.

Under the surface, the profit season continued to provide enough good news to keep the gathering. At the current levels, the S&P 500 is trading about 22 times from the high-end profits according to historical standards, but it is not a truck in a low-joyful world that still prefers to grow on value.

Big Tech, in particular, is a pillar of strength, as NVIDIA shares have achieved record levels again this week. the The enthusiasm of artificial intelligence has not fadedAnd investors seem content for momentum riding even with the extension of the assessments. In general, TECH is now more than a third of the index, and its strength has been largely twice as much as much.

This suffocation matters. The range of the gathering range remains thin: about a third of the S&P 500 stocks are still trading without its moving averages for 50 days, indicating that many of the last upward trend have been focused on a few familiar names. Small stocks, too, have been excluded. Russlell 2000 still has decreased for this year, and DOW has performed performance. Investors may chase growth, but they are not widespread in the economy. The sensitive sectors of the benefits-such as regional and industrial banks and materials-are delayed, noting that the expansion will continue after 2025.

Although some data indicate enlarged cooling, the broader economy does not shoot all cylinders. Job opportunities have decreased, wage growth slowed down, and the jewel increases – which suggests that the drop may still seem rough. The Federal Reserve may not have the luxury awaiting the ideal conditions if these cracks expand, and this holds the calculus account and integration of the central bank, which is heading to the third quarter.

UBS analysts have warned that the markets are priced for perfection heading to a potentially volatile summer. Any slip-even from macroeconomic data, sudden feeding step, or new geopolitical glows-can lead to severe reorganization. Peter Peresin from BCA Research went further, indicating that the withdrawal of 25 % is only possible whether the economic conditions are weakening or keeping the Federal Reserve more than expected.

Meanwhile, investors are closely monitoring.

Friday’s record is given that the S&P 500 is long -awaited. Whether the next station is fueled by the basics or just butter in imagination, it still must be seen. But at the present time, the bulls go long and balance with confidence – just don’t look down.