S&P 500 Enters Bull Market for First Time Since January 2022
If the fed skips a hike next month, markets could keep climbing.
Wall Street ended its bear market, due to a strong market performance yesterday. The S&P ended the day in bull market territory for the first time since January of 2022. A bull market is an extended period of time when investment prices are climbing. Analysts say this boost comes from major gains in tech stocks, the end of the debt ceiling crisis and a string of recent strong economic readings. However, some market watchers fear this could be a short lived rally, citing high costs as a major concern. The length of it also likely depends on the federal reserve and its interest rate policy decision next week. If the fed skips a hike next month, markets could keep climbing.