Record Highs for S&P 500 & Dow: Positive Impact on 401(k)

The S&P 500 Hits Record High, Boosting Retirement Accounts

The S&P 500 index ended last week at a record high, which is welcome news for Americans’ retirement accounts. The benchmark index closed up 1.2% on Friday, surpassing its previous record from January 2022. This milestone follows major stock market declines in 2022, making it a significant recovery. Experts suggest that this achievement is a great reminder to investors that they are usually rewarded over time.