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Professor Ali Gamal Abdel gawad : US Stocks Hold Firm; S&P 500 Nears Reclaiming Historic Highs.

Prepared by: Professor Ali Gamal Abdel Gawad – Lecturer of Finance and Investment.

The S&P 500 closed marginally lower, down 3.47 points, at 7,354.02. This performance reflects a balance between profit-taking and continued investor appetite for risk following the index's strong gains since the beginning of the year.

 Financial performance underscores the market's continued strength, with the index achieving annual growth of approximately 19.13% and a six-month increase of 6.12%.

This reflects robust investment flows and the continued profitability of major US companies. Technically, the index remains within an upward channel, with the 7,300 level representing significant support, while the 7,500-7,620 area constitutes key resistance.

A break above this range would support the pursuit of new all-time highs. Fundamentally, the index's strength rests on the continued improvement of US economic indicators, the resilience of the labor market, and the growth in earnings of listed companies, particularly in the technology and financial services sectors, in addition to stable interest rate expectations.

The outlook remains positive in the medium term, with the index potentially returning to test its all-time highs if economic data continues to bolster investor confidence and corporate results continue to exceed market expectations.

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