President Joe Biden has spoken out about the S&P 500’s record high, interpreting it as a positive indicator for the U.S. economy. What Happened: Biden, in a rare comment on the stock market, took to social media platform X to share his views on the S&P 500’s record-breaking performance. He described it as “good news for folks as we start the weekend” and a “sign of confidence in America’s economy,” reported Bloomberg. The S&P 500 index topped 5,000 for the first time on Friday, driven by the performance of big-tech stocks and speculation about an imminent interest rate cut by the Federal Reser…