Hopes for lower interest rates and resilient growth in 2024 took the S&P 500 stock index to a record high on Friday, after two roller-coaster years featuring soaring inflation, tumult in the banking industry and economic unease. The benchmark index ended on Friday at 4,839.81, which was above its prior closing high of 4,796.56 set on Jan 3, 2022. During the session it also set a record intraday high of 4,842.07.
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