The S&P 500 reached a new record of 5760 points due to favorable U.S. economic data, including low jobless claims and strong GDP growth, driving market optimism.
With a decrease in jobless claims to a four-month low and confirmed GDP growth of 3%, the market is reacting positively and easing concerns about economic slowdown.
Global confidence has been bolstered by the Chinese Central Bank's aggressive stimulus measures, which included rate cuts to combat deflationary pressures and energize their economy.
While the current market sentiment is optimistic, analysts caution about potential risks that could influence future performance, making it essential to stay vigilant.
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