PRESS ROOM
S&P 500 Index hits record highs
Monday 24th August '20
US equities have maintained their positive momentum since March with the S&P 500 Index achieving a new record high. The index is up over 6% year-to-date on a total return basis rebounding strongly since the drawdown in March. The tech heavy NASDAQ Composite Index is up nearly 27% this year highlighting the ongoing strength of the technology sector. Gradually improving economic data, hopes of a virus vaccine and expectations of additional fiscal stimulus from the US government are the key forces fueling the positive momentum in US stocks.