S&P 500 on Track for Another Record as Tech Stocks Rally

sp 500 on track for another record as tech stocks rally

Sumary of S&P 500 on Track for Another Record as Tech Stocks Rally:

  • The S&P 500 was poised Thursday to set another record, propelled by a rally in big technology stocks while investors awaited comments from Federal Reserve Chairman Jerome Powell..
  • The largest tech companies have surged ahead as the bond market calmed, easing concerns about the high valuations of growth stocks..
  • “So rates going up was part of the reason why you had this broadening of the market and a bit of a rotation towards value stocks, especially financials and energy…

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