The Dow, S&P, and Nasdaq Make History (VOO, SPY, QQQ)
Briefly

The stock market has experienced a significant recovery, rebounding from a 20% selloff earlier in the year, buoyed by optimism across sectors such as tech, industrials, and utilities. Notably, demand for AI infrastructure has strengthened utility stocks as power providers form joint ventures to meet data center energy needs. Investor sentiment is expected to receive a further boost from anticipated rate cuts later this year, potentially in September, though the threat of new tariffs remains a concern that could derail this momentum.
Investor sentiment remains buoyant, driven by optimism across sectors. Unexpected strength in utility stocks, fueled by AI infrastructure demand, highlights adaptability in uncertain economic times.
Despite flat economic indicators like GDP and consumer confidence, the market has seen robust recovery, pointing to investor confidence that suggests resilience amid broader economic concerns.
Read at 24/7 Wall St.
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