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S&P 500 Hits 5,000 Milestone; Microsoft Ousts Apple

The S&P 500 hit a new high, surpassing 5,000, fueled by positive earnings and economic data. However, experts warn that the surge is driven by a few companies. Communication, technology, and consumer discretionary stocks are the top performers.

by Terry Bingman
Sat, Feb 10, 2024 12:30am
in Stock Market
• 2 mins read
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S&P 500 Hits 5,000 Milestone; Microsoft Ousts Apple | FinOracle

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S&P 500 Hits Record High of 5,000

The S&P 500 has reached an all-time high, surpassing the 5,000 level for the first time ever. This milestone comes as corporate earnings improve and economic data exceeds expectations, fueling investor optimism.

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