The broad market index slipped Thursday as traders weighed a hotter-than-expected wholesale inflation reading and a decline in market leader Nvidia.
Of the first 50 trading days of the new year, the S & P 500 has closed at record highs for 17 of them. The last time the broad index saw more closing highs in the first 50 sessions was 1998, according to data from Bespoke Investment Group.
In that year, the index finished at a record level for 20 of the 50 days. And 2024 has seen the fourth highest amount when examining every year going back to 1953. The year with the most was 1964, when the index finished at a new high for 25 of the 50 trading days. — Alex Harring
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