Stocks

Wall Street Weekly: Stock Rally Gains Further Momentum

Some experts predict that the rally still has room to run, as valuations remain reasonable despite record highs.
Wall Street Weekly: Stock Rally Gains Further Momentum
Traders work on the floor of the New York Stock Exchange at the opening bell on June 30, 2025. Timothy A. Clary/AFP via Getty Images
Panos Mourdoukoutas
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News Analysis

The rally in U.S. stocks that resumed last week gained momentum this week, with the S&P 500 Index and the Nasdaq Composite Index reaching new highs amid signs of easing uncertainty and economic resilience. Some experts predict that the rally still has room to run, as valuations remain reasonable, despite record highs.

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.”