Week Ending 2/9/2024

MARKET RECAP

  • SPX hit a new record and closed above 5,000.
  • US stocks +1.52%, SPX +1.37%, Nasdaq +2.31%, R2000 +2.54%, international +0.79%, bonds -0.84%.
  • SPX and Nasdaq up 14 out of the last 15 weeks.
  • Earnings are coming in 6.9% higher than expectations, suggesting 9% earnings growth.

CHART OF THE WEEK

The S&P 500 breaks 5,000 and hits an all-time high.

SCOREBOARD