S&P 500 Hits New All-Time High of 5360.79 on June 10, 2024

The S&P 500 Index ($SPX) has reached new all-time high closing values, marking significant milestones in the stock market. On June 5, 2024, the index closed at a record high of 5354.03. This was surpassed on June 10, 2024, when the index closed at 5360.79. Market analysts are observing this trend with interest, noting that while the index continues to hit new highs, market breadth appears to be lagging behind. The latest closing high of 5360 has led to speculation about whether the index will reach the 5400 mark in the near future, with some traders considering lightening their positions as the June OPEX and quarter-end approaches.