Wall Street has reasons to celebrate. The Dow Jones and S&P are at their highest historical levels – Stock Exchange

Wall Street's major indices ended higher, with the global benchmark, the S&P 500, hitting new historic and closing highs – already in a “bull market” compared to October 2022 – in a session that was driven by technology.

The Dow Jones Index also traded in unprecedented territory, exceeding 38,000 points for the first time in its history.

Investors continue to focus on the earnings season, while at the same time evaluating the course of monetary policy implemented by the US Federal Reserve.

The S&P 500 index advanced 0.22% to 4,850.43 points, the highest value ever at the end of the session. In real-time trading, it reached its highest level ever at 4868.41 points.

The Dow Jones Industrial Average added 0.36% to close at 38,001.81 points, after recording its highest level ever during the session at 38,109.20 points.

For its part, the Nasdaq Composite Technology Index rose by 0.32% to 15,360.29 points.

Among the market movers, SolarEdge stock rose nearly 4%, after it announced that it plans to lay off about 16% of its global workforce.

Archer-Daniels-Midland (ADM) stock fell 24%, after it was revealed that CFO Vikram Lothar is on unpaid leave due to poor management practices – and also after the company cut its 2024 earnings forecast.

In contrast, Macy's shares rose more than 3.5%, after rejecting a $5.8 billion offer from Arkhouse Management and Brigade Capital Management to delist the company.

“We faced some volatility at the beginning of the year, as investors tried to rebalance their portfolios and looked to realize some capital gains,” Brian said. “But now it appears we are resuming the trend that was clearly in effect” in the fourth quarter. CNBC Price, Chief Investment Officer, Commonwealth Financial.

“Companies’ results and guidance will be critical to maintaining the enormous power of technology companies in the market,” Quincy Crosby, chief global strategist at LPL Financial, told Reuters.

Traders have significantly downplayed the odds of the Fed cutting interest rates in March, with the odds rising from 80% to 46%, according to the CME FedWatch tool, consulted by Reuters.

Investors should also focus, throughout the week, on the results of Netflix and Tesla, in addition to the US consumer spending index, which is one of the central bank’s favorite indicators of inflation.