The S&P 500 index on Friday closed at its highest level in almost a year. But that doesn’t mean that stocks are poised for a bull run just yet.
The broad-based index on May 26 closed above the 4,200 level for the first time since August 2022, when the market began to sell off and fell sharply to last year’s low of about 3,577 in October.
The S&P 500 ended last week up 1.8% at about 4,282, marking its best weekly gain since late March.
So, what caused the broad-based index to finally breach its level of resistance? The gains were powered by three key updates that investors cheered:
Dispatches From The Front 