Analysis-As S&P 500 Breaches 5,000, Its Valuation Hits Lofty Levels as Well
February 8, 2024
By Lewis Krauskopf NEW YORK (Reuters) – As the S&P 500 continues to hit fresh milestones with a first-ever break above the 5,000 level, its valuation is reaching new heights as well. The S&P 500’s forward price-to-earnings ratio — a commonly used metric to value stocks — this week rose to 20.4 …
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