Stocks Trade Higher in February as the Rally Broadens Out
March 1, 2024

Stocks traded higher in February, with the rally broadening after large cap stocks accounted for most of January’s gains. The S&P 500 traded above 5,000 for the first time, setting a new all-time high, and has now returned +21.5% since the start of November.

Commodity price index trades near a 2‐year low, but energy prices are rising.  Investors will be watching other commodity markets to see if prices start to rise, as that could delay the Fed’s plan to cut rates.

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