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Growing optimism about U.S. economy driving a record run on Wall Street

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Growing optimism about prospects for the U.S. economy are driving a record run on Wall Street, with the S&P 500 Index starting the week at an all-time high

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The diversified stock index that includes some of the best-known companies on the planet sits above five-thousand for the first time. It opens the week at five-thousand-26. Analysts say investors’ fears of a recession are fading, with growing optimism for a “soft landing” for the economy, with inflation brought to heel without a recession. There are also hopes that the Fed will begin cutting interest rates before too much longer, lowering the cost of borrowing. Rich Thomason reporting.

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