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The Guardian - US
The Guardian - US
Business
Dominic Rushe and Callum Jones in New York

S&P 500 hits new record high amid signs of easing US economic gloom

Economy United States Joanne Hsu Joe Biden University of Michigan
A customer looks at over-the-counter medicines while shopping at a Costco Wholesale store in Washington, DC this month.
A customer looks at over-the-counter medicines while shopping at a Costco Wholesale store in Washington DC this month. Photograph: Michael Reynolds/EPA

The S&P 500 scaled a new all-time high on Friday amid signs that the economic despondency that has gripped US consumers may be easing.

The index climbed 1.2% to 4,838 on Friday afternoon, clearing a record last set two years ago. It has rallied more than 17% since late October.

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