Bull Market Confirmed: Markets This Week Analytical Report

Record Highs in Stock Market, Confirming Bull Market

The stock markets experienced a surge on Friday, as the S&P 500 hit its first all-time high in more than two years. This milestone confirms the ongoing bull market, which began in October 2022. The Nasdaq Composite also came close to reaching its 2021 record, while the Nasdaq-100 closed at a record high for the first time this year. The positive performance of the technology sector, particularly large and mega-cap stocks, contributed to these gains. The Dow Jones Industrial Average also rose during the week, indicating a broad-based market rally.