The US market closing in on record highs. — Reuters
NEW YORK: Key US economic data, developments with federal tax-and-spending legislation and twists and turns on trade all are poised to influence equities in the coming week, with the US market closing in on record highs.
The S&P 500 ended on Friday with a weekly gain and less than 4% from its February all-time high. The benchmark index rose about 6.2% in May, while the Nasdaq Composite surged 9.6%, with both indices tallying their biggest monthly increases since November 2023.
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