Investors are still expecting the S&P 500 to finish the year in a positive position, with the S.&!
stock index rebounding from its two-week low of 2,965.50 on Friday.
Investors are still forecasting the S & P 500 to reach a new record high of 2.6 trillion in 2021.
The S&s stock index rose by 0.7% on Friday, bringing the benchmark’s gain since its March 24 close to 0.4% over the past 24 hours.
Investment manager Jefferies analyst Jim Cramer said he was cautiously optimistic the S;P index will surpass 2 trillion for the first time this year, adding that “there’s a little bit of momentum.”
The Dow Jones Industrial Average also hit an all-time high, rising 2.4%, after peaking at a record of 3,062.26 on Friday for a 12-month high of 3.7%.