S&P 500 Hits Record High Amid War and High Inflation: Here’s Why

The S&P 500 set a new record on Wednesday, defying rising gas prices, persistent inflation, and falling consumer confidence. Despite fears of a wider conflict with Iran, investors are pushing stocks higher. Analysts say the rally is driven by strong corporate earnings and expectations that the Federal Reserve will cut interest rates soon. The disconnect between the stock market and gloomy economic data highlights a split between Wall Street and Main Street.