US stock markets make a comeback, erasing half of year-opening swoon

S&P 500 Surges 1% to Reach Daily Highs of 4742

The S&P 500 index experienced a notable surge today, with a significant 1% gain that pushed the index to reach its daily highs at 4742 points. The market began the day on a rather flat note but quickly gained momentum following a dip in Treasury yields. As a result, the S&P 500 witnessed a wave of Fear of Missing Out (FOMO) as investors eagerly jumped on the opportunity to capitalize on the upward trend. The market has had very little to digest, which further fueled this surge.