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The S&P 500 posted an impressive rally over the past five days, closing at 5,996.66 on January 17. This marks a notable increase of +214.64 points (3.71%), reflecting renewed investor confidence in key sectors driving the market upswing.
During this period, the index reached a peak of 6,014.96, indicating strong upward momentum. It also recorded a low of 5,978.44, showcasing a relatively stable trading range. The previous session closed at 5,937.34, setting the stage for the latest gains.
The current trading level of 5,995.40 (as of 5:11 PM GMT-5) reflected market optimism as the inflation data for 2024 were released earlier this week. The stock market is expected to continue its upward momentum as Donald Trump is set to take oath as the next U.S. President on Monday.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.