S&P 500 hits record on rate hike hopes
The Standard & Poor's 500 index reached record highs as expectations for an interest rate hike in the United States decreased. It rose by 51.23 points (0.66%) to close at 7,799.73 points at the end of the week’s trading, supported by gains in major technology companies such as Sandisk, Microsoft, and Amazon, along with continued stability in producer prices and labor market indicators. This comes amid expectations that the Federal Reserve will not raise interest rates during the September meeting, boosting market confidence and leading to gains of approximately 14-15% since the beginning of 2026.
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