S&P 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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From The Wall Street Journal - 09/04/2021