29 February 2024
The S&P 500 and Nasdaq Composite surged to record highs in February, marking the best performance for the month in almost ten years. This rally was buoyed by investor reactions to a critical inflation report, signaling robust confidence in the market. The Nasdaq Composite experienced a significant upturn of 0.9% to close at 16,091.92, achieving its highest record close since November 2021. Concurrently, the S&P 500 advanced by 0.5%, reaching a new peak at 5,095.88. The Dow Jones Industrial Average also saw gains, albeit modest, increasing by 0.1%. This remarkable February performance for both the Nasdaq and S&P 500 was their most impressive since 2015, reflecting a positive investor sentiment amidst economic indicators.