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S&P 500 hits new highs amid rising US GDP growth forecast for Q2 2026

Market News
18 May 2026
Seeking Alpha
View Source
Neutral
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The S&P 500 index reached several new record highs during the week ending May 15, 2026, before slightly retreating to close at 7,408.50, up just over 0.1% from the previous week. This rise coincides with the Atlanta Fed's GDPNow tool increasing its estimate for US real GDP growth in Q2 2026 to 4.0%, up from 3.7% a week earlier. The stronger growth outlook supports positive market sentiment, suggesting continued investor confidence in the US economy's expansion in the near term.

More News

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo wins major global catering contract with Meta for 130+ sites in 30+ countries

Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...

Market News
Bullish
1 hour ago
Gabriel sells its European FurnMaster furniture business to Leggett & Platt for about EUR 9 million

Gabriel sells its European FurnMaster furniture business to Leggett & Platt for about EUR 9 million

Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...

Company Fundamentals
Bullish
4 hours ago
DMG Blockchain invests in fintech MeetAmi and AI firm Atomic47 to expand digital asset and AI data center services

DMG Blockchain invests in fintech MeetAmi and AI firm Atomic47 to expand digital asset and AI data center services

DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...

Company Fundamentals
Bullish
4 hours ago
Gnosis nears market cap flip of BONK but may face pullback before topping 100th spot.

Gnosis nears market cap flip of BONK but may face pullback before topping 100th spot.

Gnosis (GNO) surged 13% in 24 hours, closing in on overtaking BONK by market capitalization to reach the 100th largest token spot. GNO's market cap stands at $303.88 million versus BONK's $330.07 million, requiring a price rise to about $125.48 for t...

Technical Signals
Neutral
4 hours ago
Tokenization seen as strategic priority with firms investing in hybrid digital-traditional asset markets.

Tokenization seen as strategic priority with firms investing in hybrid digital-traditional asset markets.

Broadridge's Tokenization Pulse Survey shows 84% of firms view tokenization as strategically important, with 68% expecting it to reshape markets within 3-5 years. Most firms plan to integrate tokenization into existing infrastructure rather than buil...

Market News
Bullish
4 hours ago
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