The S&P 500 pushed to a fresh record high, leading global equities higher as investors grew more confident that the Federal Reserve is nearing the end of its tightening cycle. The rally was broad, led by technology and financial shares, while government bond yields eased as traders positioned for rate cuts before year-end.
Records invite caution as readily as optimism: stretched valuations leave less room for disappointment if inflation proves stickier or growth softens. For now, the market is pricing a soft landing — cooling prices without a sharp downturn.
Why it matters: The path of rates from here, not the record itself, will decide whether this advance holds — and every incoming inflation and jobs print now carries extra weight.
Written by AI from the linked reports below — original text, not copied from any source. Informational only, not investment advice; verify against the originals.