The benchmark U.S. stock index closed the week at a new record level, according to the source, signaling continued strength in broader risk markets.
The source says the S&P 500 rose 0.8% to finish the week at a new record high near 7,400. A record close in the benchmark U.S. equity index is commonly watched across global markets because it can reflect stronger investor risk appetite, a factor that often influences trading in crypto and other risk-sensitive assets.