Last week, the US stock market made another spurt to a new record-high. The S&P 500 Index grew gradually day by day and set a new historical record-high by the end of the previous week, standing firmly above the
A significant impetus to growth of the American market was the minutes of the US Federal Reserve System (FRS) meeting in April that was published on 21 May. The minutes testified to the fact that the Government was not in a hurry to raise interest rates and was ready to give markets time to prepare for tougher policies. Investors interpreted this news as a positive signal for growth. Over the following days, positive moods grew stronger thanks to good statistical data on industrial output and new home sales.
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