What a wild ride the market has been this year!
The S&P 500 closed at an all-time high, slightly above 7,126, on Friday after President Trump declared the ever-important Strait of Hormuz “FULLY OPEN AND READY FOR BUSINESS.” (His emphasis on capitalization, of course.)
The index gained about 1.2% or 84.76 basis points on Friday, capping a strong week in which it rose about 4.7% or 319.75 points.
The main index started the year strongly. But the Iran war, and the resulting energy shock that sent oil soaring to more than $110 a barrel, sent everyone’s wallets into a tailspin in March. And although Iran and the United States have not yet reached a peace agreement, the market already seems to be pricing it in.
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our number one choice. Tap here.
The index is up almost 4% this year, a sign that the underlying economy may be stronger than many suspect. Over the past month, the S&P 500 is up about 12%, its best monthly gain since 2020 as the economy recovered from the COVID pandemic.
The Nasdaq Composite Index, a basket of mostly big tech stocks, gained 7% this week to a record high and has posted gains in each of the last 13 trading days. The Dow Jones index rose almost 900 points on Friday.
Peace looks good in the market.
An action. Nvidia-level potential. More than 30 million investors trust Moby to find them first. Get the choice. Tap here.