Wall St Week Ahead: Market's rebound may have further to go


  • Markets
  • Saturday, 18 May 2024

Historical comparisons suggest more upside ahead for the current bull market.

NEW YORK: A rebound that has taken the US stock market to record highs this week may have further to run, if history is any guide.

Fresh signs of a cooling economy calmed inflation worries in May, helping all three major US stock indices rise to records this week. The benchmark S&P 500, which fell over 4% in April, is now up 11% year-to-date.

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