The S&P 500 shook off the December doldrums to touch a new intraday high of 6,100.81 on Thursday. It’s also just a hair away from its all-time closing high.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribein the fourth quarter, according to advance figures. That missed out on the 1.4% expected by a Reuters poll, and was lower than the 1.5% growth in the country's third quarter of 2024. However, the full-year GDP increase came in at 2%, higher than 2023's 1.
He's not necessarily suggesting that brakes will be slammed or an impact is imminent, but that there needs to be a firm base of support to sustain such horsepower behind stocks. "You need fairly good outcomes to justify those prices," Dimon said. "Having pro-growth strategies helps make that happen, but there are negatives out there, and they can tend to surprise you.""The number one risk that we're looking at heading into this year are the valuations, which is why we feel very strongly that you need to have earnings back this up," Phil Camporeale, multi-asset portfolio manager at J.P.
While Trump's pro-business and low-tax policies might provide the ignition spark, corporations, ultimately, are the engine that keep stocks going.Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.
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