S&P 500 Reaches New High Amid Challenges

S&P 500 Hits Record High, Overcoming Challenges

The S&P 500 has managed to reach a new milestone, surpassing the 5,000 mark for the first time. This impressive rise comes despite facing several challenges. One significant factor in this achievement is the reduced expectations for a rate cut in March. Just a month ago, there was an 81% chance of a rate cut, but now, the market only sees an 18% chance. Despite this change, the index has still experienced a solid 5% increase over the past month.