S&P 500 Sets Record Above 7,800, Futures Flat
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- S&P 500 set a fresh record above 7,800, with futures trading little changed as the benchmark heads for a winning week.
- Retail sales data and signs of cooling inflation provided the backdrop for US markets striving for a positive week, according to cross-coverage of the market move.
- Dow, S&P 500, and Nasdaq wavered after the record high, per cross-coverage, signaling the breakout did not translate into sustained follow-through across the major averages.
Why it matters: The S&P 500's record above 7,800 sets a new ceiling, but the Dow, S&P 500, and Nasdaq wavering after the milestone shows the rally met with hesitation rather than conviction. Futures little changed leave the winning week intact without confirming the breakout itself.
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