The week ahead – US shares surge to new highs, but will they stay there?

The S&P 500 index in the US surged another 4.5% last week to close at fresh highs, after some positive developments in the Middle East.

After being down 9.1% from its January peak in late March, the S&P 500 has rebounded 12.3% to surpass those previous highs and sit 4.1% above where it started the year.

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