American Exceptionalism Drives S&P, Nasdaq Higher for Another Week

American Exceptionalism Drives S&P, Nasdaq Higher for Another Week
Traders work on the floor of the New York Stock Exchange during morning trading on Nov. 26, 2024. Michael M. Santiago/Getty Images
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News Analysis

The S&P 500 and Nasdaq continued their winning streaks last week, as American exceptionalism—the belief that the U.S. economy stands out from the rest of the world—added hype to Wall Street.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”