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February 8: Stock Market Recap - S&P 500 Nears Historic 5000-Point Milestone Amid Positive Earnings and Market Sentiment

The United States stock markets began the previous day on a stable note, but as time progressed, the likelihood increased that the S&P 500 might surpass its milestone of 5000 points, ultimately rising by 0.8% by the day's end. This increase in the index was partly fueled by Ford's strong fourth-quarter results, the company's positive outlook for the current year, and an increase in dividends. In terms of sectors, technology fared the best, with the Nasdaq 100 appreciating by 1.0%. In Europe, the Stoxx 600 had to settle for a decline of 0.2%.

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