The S&P 500 index recently closed at a record high on June 27, 2023, driven by improved investor sentiment following President Trump’s trade agreements with the U.K. and China, which alleviated concerns about consumer spending and business earnings. Earlier in the year, the index temporarily entered bear territory amidst tariff-related worries.
The Vanguard S&P 500 ETF (NYSEMKT: VOO) tracks this index, providing exposure to 11 industries, with technology making up over 31% of the fund. Historically, the S&P 500 has delivered a 10% average annual return since the 1950s. Analysts suggest that even with the index at an all-time high, it remains a viable investment option for long-term growth.
