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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

S&P 500 closes above 5,000 for first time as US inflation cools

Donald Trump Joe Biden Stock Market United States Economy
facade of new york stock exchange - large columns on city building
Stocks have also been lifted by a robust earnings season and a blockbuster jobs report. Photograph: Ray Warren NYC/Alamy

US stock markets hit another historic high on Friday, with the S&P 500 closing above 5,000 for the first time.

The broad-based index of the largest and best-known listed companies has been driven higher by a series of reports underlining the US’s resilient economy and retreating inflation.

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