Soaring U.S. Stock Markets Make Foreign Shares Look Attractive
Stock market benchmarks in the U.S. have risen dramatically in the past five months, and Friday was no exception. With some encouraging news on the state of the housing industry, market participants generally seemed pleased to keep bidding up share prices. The fact that several major benchmarks are at or near record highs didn't faze anyone or eat into demand. Just after 11 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 63 points to 27,803. The S&P 500 (SNPINDEX: ^GSPC) was up a single point to 3,386, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up 34 points to 11,299.
With the S&P 500 having hit a record high earlier this week, many investors in the U.S. are ready to declare the coronavirus bear market officially over. Yet the story is much different when you look beyond America's borders at foreign stock markets. Abroad, investors in many countries are still trying to claw back significant losses, and there's a lot more uncertainty about where their economies go from here.
Image source: Getty Images.
Source Fool.com
