S&P 500 Hits Record High Amid Strong Earnings and Easing Inflation Concerns

Published On Jan 23, 2025, 4:07 PM

The S&P 500 has reached a record high, driven by strong corporate earnings and a more moderate approach to tariffs from the Trump administration. Recent inflation data indicating a decrease has allayed concerns of higher interest rates, boosting investor confidence. Additionally, Trump's pledge to lower oil prices contributed positively to market sentiment, allowing the S&P 500 to gain 4% in the early weeks of the year, even as oil prices fell slightly.