S&P 500 hits record high, “Fed will inevitably raise rates”

Markets were mostly higher on Thursday.

the S&P 500 rose 0.6 percent to a record high while the STOXX Europe 600 rose 0.9 percent.

However, earlier in Asia, the Nikkei 225 and Shanghai Composite finished flat.

“With the market hitting new highs this week, investors could be coming to terms with the fact that the Fed will inevitably raise rates,” said Mike Loewengart, managing director of investment strategy at E-Trade.