S&P 500 Hits Record High Led by Tech and Financial Stocks as Market Gains Steam
About this episode
The episode discusses the recent record high of the S&P 500 driven by technology and financial stocks amidst modest market gains.
Listeners, the US stock market closed with modest gains yesterday, setting new records for major indices amid a narrow rally driven by big tech and financials. According to S&P Dow Jones Indices, the S&P 500 rose zero point one two percent to seven thousand one hundred seventy-three point nine one, while the Dow Jones Industrial Average dipped zero point one three percent to forty-nine thousand one hundred sixty-seven point seven nine[4]. Business Insider reports the S&P 500's snapshot showing a previous close of seven thousand one hundred sixty-five point zero eight, with a day high of seven thousand one hundred seventy-eight point seven four[2]. A Bloomberg Closing Bell update notes the S&P 500 up about a tenth of a percent to around seven thousand one hundred seventy-one, Nasdaq Composite up two tenths of a percent to a record, and Dow down a tenth, with just three S&P sectors in the green including technology up half a percent, communication services up nine tenths, and financials strong, while consumer staples fell one point two percent as the biggest decliner[3]. Market highlights included Albemarle as a top S&P 500 gainer up five point nine five…
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