10 Stocks Of S&P 500 ETF Up More Than 60% This Year
Zacks Investment Research | Jul 10, 2019 11:44PM ET
The S&P 500 breaks the 3,000 level for the first time ever after the Fed indicated easy money policies in the cards. Fed Chair Jerome Powell stated that slower business investments across the United States and lingering global growth uncertainties might slowdown the domestic growth, thereby bolstering the outlook for a near-term rate cut. The index has risen 1,000 points in the last five years prior to which it reached 2,000 on Aug 26, 2014.
With this, the S&P 500 has increased 19.5% so far this year. Most of this rally was driven by the dual tailwinds of hopes of easing monetary policies and trade optimism. A slew of mergers & acquisitions and the rising oil price also added to this upside. The trend is likely to continue though bouts of volatility and instability kept crossing the bulls (read: Zacks Investment Research
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