S&P 500 ETFs Hit Record Highs as Index Tops 6,400: What's Next?

The S&P 500 has been on a hot ride, topping the major milestone of 6,400 for the first time ever. The three ultra-popular ETFs tracking the index — Vanguard S&P 500 ETF (VOO) , SPDR S&P 500 ETF Trust (SPY) , and iShares Core S&P 500 ETF (IVV) — also hit new all-time highs.Optimism about rate cuts and an AI frenzy are driving stocks to new highs. Traders are now pricing in a more than 90% probability of a Fed cut in September, with the odds of additional cuts in October and December also climbing. Lower inte ...