Macro & Markets Recap: February 11, 2023

Markets Reach New Milestones: S&P 500 Breaks 5,000 for the First Time

The stock market continued its relentless rally on Friday, with the S&P 500 (SPX) index closing above the 5,000 level for the first time in history. This milestone comes after the benchmark index has seen its best run since 1972, rising in 14 out of the last 15 weeks. The SPX recorded a gain of 1.5% over the past five trading days, driven largely by strong performances from technology stocks.