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Wall Street turns bullish as corporate profits lift the S&P 500

The S&P 500 is trading near another record, as booming corporate profits are reducing investors’ focus on risks like the war and inflation.

Reported · Written up by our desk · Indices

The New York Times Business reports that Wall Street sentiment has turned more bullish, driven by booming corporate profits.

The outlet says the S&P 500 is moving near another record, which has helped dampen investor concerns about the war and inflation.

While the market narrative includes still-active worries, the article emphasizes that profit strength is currently doing most of the heavy lifting for equities sentiment.

Latest closeS&P 500 7,600.50 ▲1.5%

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