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The S&P 500 reached a record high on Thursday following U.S. President Donald Trump’s announcement that he would advocate for lower interest rates, boosting stock markets despite ongoing investor caution over his next trade policy moves.
The S&P 500 closed 0.5% higher after hitting an all-time high of 6,118.73 points. Meanwhile, the Dow Jones Industrial Average (DJI) rose by 0.9%, and the Nasdaq Composite (IXIC) gained 0.2%. The yield on the U.S. 10-year Treasury note increased by 4.7 basis points to 4.6456%, remaining below the previous week’s 14-month peak of 4.809%.
During the World Economic Forum on Thursday, Trump signaled potential policy directions, expressing intentions to lower global oil prices, interest rates, and taxes. He also warned about the possibility of imposing tariffs on U.S. imports. Investors remain particularly concerned about the uncertainty surrounding tariffs, which weighed on bond markets. Treasury yields rose for a second consecutive day as bond investors anticipated potential inflationary pressures from future tariff implementations.
(S&P 500 Daily Price Chart, Source: Trading View)
From a technical analysis perspective, the overall trend of the S&P 500 index remains bullish, as indicated by the higher highs and higher lows within the ascending channel. It has recently broken through the previous resistance zone with strong bullish momentum and managed to close the daily candle above this resistance zone. This suggests a high probability of continuing its bullish momentum.
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