On Tuesday, the S&P 500 secured another all-time high during the afternoon rally. This being the second day of the index’s uninterrupted record concluding level. Traders index closes higher despite a rough session throughout the day as market participants contemplated the likelihood of the United States issuing new tariffs on produce from the European Union. As a result, the S&P 500 experienced a rise of 0.29%, or 8.68 points, finishing at 2,973.01 as the session came to a close.

Meanwhile, Jim Cramer stated on CNBC that it is possible for the index to experience a rise exceeding 11%, from its present levels. It is anticipated that the S&P 500 will encounter some turbulent waters this coming week. Cramer reported that it is possible for the index to scale up to 3,015 and gain drive to get as far as 3,308 before long. But this would only be possible if it manages to drill through various difficulties along the way. Furthermore, the host announced Carolyn Boroden’s interpretation of the charts, indicating that the Apple tech company could reach double digits as well.

Furthermore, regarding the revival of U.S. - China trade talks, Peter Navarro, the White House economic adviser updated CNBC on Tuesday that even though they have started negotiating, it will proceed in a leisurely fashion hoping to accomplish it correctly. The adviser has yet to reveal details concerning the schedule of further discussions regarding the trade or when a deal might be completed.

By: Cyril Latrice Cajanding