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Markets today: U.S. stock mania rages on as S&P 500 closes above 5,000
Wall Street notched a milestone, with the S&P 500 topping 5,000 amid a renewed rally in big tech and hopes the Federal Reserve will soon be able to cut rates — bolstering the outlook for corporate profits. Just as Americans get ready for football’s biggest night — with tickets for Sunday’s Super Bowl setting fresh records — U.S. stocks scored a victory of their own to hit another all-time high. Emboldened by bets on a soft landing and the power of artificial-intelligence — equities continued to push forward, defying doomsayers and warnings about an overstretched market. “The S&P 500 is the best single ... (full story)