S&P 500 hits new record high amid signs of easing US economic gloom
by Dominic Rushe and Callum Jones in New York from Economics | The Guardian on (#6HZTB)
Index climbs to all-time high of 4,838, clearing record set two years ago, as US consumer confidence rises while inflation concerns ease
The S&P 500 scaled a new all-time high on Friday amid signs that the economic despondency that has gripped US consumers may be easing.
The index climbed 1.2% to 4,838 on Friday afternoon, clearing a record last set two years ago. It has rallied more than 17% since late October.
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