Stock Market Today: S&P 500 in record high as tech stocks continue to flex muscle

Investing.com -- The S&P 500 closed at a record high Monday, shrugging off a climb in Treasury yields as tech stocks continued to march higher amid ongoing Fed speak and flew of key economic data due later this week.) led the broader market gains, with the latter up 2% adding to recent gains as it seeks to usurp Microsoft as the most valuable follow its plans to push into artificial intelligence.

"In a nutshell, we believe this tech bull market has legs that will ultimately broaden out to the rest of software, consumer tech, cyber security, semis, and infrastructure over the next 12 to 18 months," the Wedbush analysts said in a recent note.Philadelphia Fed president Patrick Harker said Monday, he expects only one rate cut if the economy progresses as expected as the current level of rates will likely push inflation lower and prevent upside inflation risk.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock Market Today: S&P 500 ends above 5,400 for first time despite hawkish FedStock Market Today: S&P 500 ends above 5,400 for first time despite hawkish Fed
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Stock Market Today: S&P 500, Nasdaq clinch fresh records on Apple rally; Fed eyedStock Market Today: S&P 500, Nasdaq clinch fresh records on Apple rally; Fed eyed
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Stock Market Today: S&P 500 in weekly win despite closing lower on rate jittersStock Market Today: S&P 500 in weekly win despite closing lower on rate jitters
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Stock Market Today: S&P 500 ends just lower as May jobs report loomsStock Market Today: S&P 500 ends just lower as May jobs report looms
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Stock Market Today: S&P 500, Nasdaq in record high on Nvidia rally, rate-cut betsStock Market Today: S&P 500, Nasdaq in record high on Nvidia rally, rate-cut bets
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Stock Market Today: S&P 500 slumps as Salesforce leads tech wreck; inflation eyedStock Market Today: S&P 500 slumps as Salesforce leads tech wreck; inflation eyed
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »