S&P 500 ekes out another record close, posts third straight winning week

sp 500 ekes out another record close posts third straight winning week

Sumary of S&P 500 ekes out another record close, posts third straight winning week:

  • Tech companies tend to underperform in a rising-rate environment as higher rates lower the present value of expected cash flow for growth-oriented companies..
  • The tech-heavy Nasdaq has been the relative loser in 2021 among the major averages as bond yields turned higher….

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