S&P 500 crosses 7,600 as major markets hit record highs, but Deutsche Bank warns of 1987-like rally speed
By
Leonie Kidd
10d ago· 2 min readenNews
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Summary
Major U.S. stock markets (S&P 500, Dow, Nasdaq) hit new record highs, with the S&P 500 crossing 7,600 for the first time. Japan's Nikkei 225 also surged amid bullish AI sentiment. However, Deutsche Bank warns the rally's speed is reminiscent of the period before the 1987 stock market crash, signaling potential risk.
Key quotes
· 3 pulledThe S&P 500 has crossed 7,600 for the first time ever, closing at a fresh all-time high alongside the Dow and Nasdaq, which also hit new peaks.
The last time the S&P rose this rapidly — outside of a recession period — was before the 1987 stock market crash.
Deutsche Bank cautioned that 'the speed of the rally is now bucki...'
Wall Street marks another round of fresh record highs, but will new trade tensions and deadlock over Iran start to take the shine off the AI trade?
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