21 March 2024
The S&P 500 marked its 20th record high of the year, propelled by a surge in risk appetite among investors. Despite experiencing declines in major technology firms like Apple Inc. and Alphabet Inc., the index’s overall momentum remained robust. Concurrently, the Nasdaq 100 achieved a new peak, partly thanks to a positive outlook from Micron Technology Inc. Moreover, Reddit Inc. experienced a notable surge in its market debut. This market enthusiasm comes in the wake of encouraging data across housing, manufacturing, and the labor market, suggesting a sturdy economy.