S&P 500 Hits New Highs, Up More Than 8% Year to Date
Updated
Updated · Morgan Stanley · May 27
S&P 500 Hits New Highs, Up More Than 8% Year to Date
5 articles · Updated · Morgan Stanley · May 27
Seven weeks into the second quarter, U.S. stocks have erased their first-quarter losses and lifted the S&P 500 to fresh highs for the year.
An 8%-plus year-to-date gain has fueled a sense that the market is hard to stop, but Morgan Stanley’s Global Investment Committee said investors should focus on what is driving the rally.
The bank also warned that potential challenges remain heading into summer, arguing that the recent surge should be weighed against risks ahead.
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