Lates News

Since the US government shutdown on October 1st, the S&P 500 index has risen by 0.6% in the past 40 days. It appears that the index will rebound even more strongly in the coming days after the shutdown is expected to end on Monday. Now, based on historical experience, the benchmark index is expected to see a rebound during the holiday season. Data compiled by Sam Stovall, Chief Market Strategist at CFRA, shows that in the 15 previous shutdowns that ended, the S&P 500 index has on average risen by 2.3% within a month. This level of increase will likely bring the benchmark index of US stocks to just below 7,000 points by mid-December. Strategists believe that as federal workers return to their jobs and regular economic data reports resume, the stock market will gain more momentum from its current levels. He advises investors to consider a trade: buying stocks that utilize AI technology while shorting a basket of stocks that do not use AI.