S&P 500 Closes Above 7,800 for the First Time Ever

The S&P 500 closed above 7,800 for the first time ever, ending at a record 7,818.93 after gaining 0.58% on the day.
The milestone comes three weeks after the Fed raised rates, while traders are pricing in another three to four hikes by early 2028, according to the FT.
Attention now turns to the Fed minutes from that meeting, which could provide more detail on policymakers' outlook for inflation, growth and the future rate path.