Stock market seeing 'narrowest' rally since 1999 thanks to AI-led tech surge

With market commentators whispering about potential bubbles, a look at how much the S&P 500 index’s 2023 rally has been driven by surging technology shares might be a bit unsettling for some.

As... With market commentators whispering about potential bubbles, a look at how much the S&P 500 index’s 2023 rally has been driven by surging technology shares might be a bit unsettling for some. As the chart above from Deutsche Bank shows, the tech-led surge has seen the S&P 500 SPX , which is weighted according to market capitalization, lead an equal-weighted version of the large-cap benchmark. Through Thursday, the S&P 500 was up 8.1% in 2023 versus a 1.2% fall for the equal-weighted measure, an outperformance of 9.3 percentage points. That’s on track for the largest margin since a 9.3 percentage point beat over the full year in 1999 and the 16.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Toronto-Dominion Bank stock dips on earnings growth warningToronto-Dominion Bank stock is down 1.5% in premarket trading on Thursday after the Canadian bank with a sizeable U.S. presence said it does not expect to...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Stock market today: AI frenzy pulls Wall Street higher despite DC debt woesA monster financial forecast from one of Wall Street’s most influential stocks is helping to support the market, even as worries worsen about political rancor in Washington.
Sumber: KPRC2 - 🏆 80. / 68 Baca lebih lajut »