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Wide Selection of Stocks Pushes Market Higher

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A broad base of stocks has driven the market's recent gains, an encouraging sign for investors wondering how long the year's rally can continue. But signs of weakness lurk beneath surface of major indexes.

A broad base of stocks has driven the market’s recent gains, an encouraging sign for investors wondering how long the year’s formidable rally can continue.

The S&P 500 has risen 25% in 2021 and last week notched its 66th record close of the year—more new highs than in any year since 1995. Recent gains have come from a diverse array of stocks. Last week saw record closes from dozens of names, ranging from Estee Lauder Cos. and AutoZone Inc., to Netflix Inc. and Home Depot Inc.

 

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