The stock market in New York ended the week with mixed signals for its main indices. While the broad S&P 500 index recorded a record high of over 5,000 points and gained 0.6% for the week, it was the technology-focused Nasdaq that saw an impressive increase of 1.3%. However, the industrial index Dow Jones failed to break freezing, ending below it by just 0.1%.
The positive performance of the stock market in recent weeks can be attributed to several factors. One major contributing factor was the US central bank, the Fed, delaying its decision to raise interest rates. This move allowed share values to continue on their upward trajectory without any significant disruptions. Additionally, a slowdown in inflation has also been beneficial for the market’s overall performance.
Despite these positive signs, there are still concerns about the sustainability of this growth. Some experts worry that if interest rates do eventually rise at some point in time, they may have a negative impact on share values and lead to a market correction. As such, investors will need to closely monitor developments before making any significant investment decisions.