Stocks have been stuck in a narrow trading range. Investors are looking for drivers that could propel them to new heights.
Stocks are flirting with record territory but have been stuck in a narrow trading range since the beginning of last year, leaving investors grasping for a fresh driver that could propel the decadelong bull market to even greater heights.
The S&P 500 made a run at its all-time high of 3025.86 Friday but came up just short, closing up 0.4% at 3022.55. Hopes for lower interest rates and a resolution to the long-simmering trade dispute between the U.S. and China have pushed the broad equity gauge up 21% for the year.
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