The S&P 500 stock index crawled past 5,000 for the first time Friday, reaching an important symbolic landmark as continued economic optimism fanned the flames of a rally driven by artificial intelligence on Wall Street.
Democracy Dies in Darkness
S&P 500 stock index closes above 5,000 for the first time
Markets have been buoyed in recent months by positive economic data, a softening of Federal Reserve policy, and the soaring success of a few Big Tech firms.
By Aaron Gregg
February 9, 2024 at 4:03 p.m. EST