Wall Street closed higher with S&P 500 up 0.4%, Nasdaq gaining 0.7%, and Dow entering a bull market. Despite trade tensions from tariff hikes, investor optimism prevailed.
Analysts from JPMorgan and Northwestern Mutual highlighted risks of stretched valuations and stagflation. Concerns over rising consumer prices and potential corrections cast uncertainty on future market stability.
Despite a positive close, futures indicated a downturn ahead of trading. Traders expect Federal Reserve interest rate cuts amid rising economic worries, with a key nonfarm payrolls report expected this week.
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