The S&P 500 edged ever so modestly higher in the final moments of the session, despite the prospect of a pending “massive” US attack on Iran and lingering worries about artificial intelligence spending.
“Our base case is that the rally in the index will resume later this year, before a substantial correction takes place in 2027,” Capital Economics’ John Higgins said in a note. “But we think there is also a possibility that it may have already peaked.”
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