Stocks rallied to new all-time highs, with the S&P 500 setting a record intraday high of 5,505.53 on Thursday and a record closing high of 5,487.03 on Tuesday. For the week, the S&P gained 0.6% to end at 5,464.62. The index is now up 14.6% year to date and up 52.8% from its October 12, 2022 closing low of 3,577.03.
-
One of the most powerful aspects of the stock market is laid out in TKer Stock Market Truth No. 4: "Stocks offer asymmetric upside."
A stock can only go down by 100%, but there's no limit to how many times its price can multiply going up.
This phenomenon...
Login or create a forever free account to read this news
Sign up/Log in