S&P 500 few points away from record high it hit in February

A mixed batch of economic data failed to stop the S&P from pushing within a striking distance of a record high, with Treasury yields falling alongside the dollar amid growing bets on Fed rate cuts this year.

The S& topped 6,100 and is now just a few points away from its Feb 19 closing peak. Banks led gains as an analyst said that as long as there's no recession, it's "game on" for the stocks. Wall Street's renewed rally reflects confidence in AI-fuelled expansion and economic resilience, with investors setting aside geopolitical fears.