The S&P 500 index reached a new record high of 6900 on October 28, 2025, despite nearly 80% of stocks declining, marking the largest market breadth decline on a rising day. Analysts attribute the rally to gains in AI giants, which have driven the index upward.
Prediction platform Kalshi forecasts an 81% probability that the S&P 500 will hit 7000 by the end of the year. In the crypto sector, discussions continue about Bitcoin's role in liquidity, with its $2.27 trillion market cap still considered small compared to traditional stocks, indicating potential for future growth.
S&P 500 Reaches Record 6900 Amid Broad Stock Decline
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