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S&P 500 set for a record as yields retreat
The rise is tied to renewed AI enthusiasm and a pullback in expectations for further rate hikes, supporting risk appetite.
The Wall Street Journal Markets reports that US stocks were positioned for another push higher, with the S&P 500 heading toward a record as bond yields eased.
According to the outlet, AI enthusiasm and receding expectations for additional rate hikes are helping lift market sentiment.
The combination is keeping investors focused on a more supportive rate backdrop, which typically favors equities when yields move lower.
Latest closeS&P 500 7,765.36 ▼0.5%
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