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…

Topics covered

• stock market
• S&P 500
• financial news
• technology stocks
• market analysis

Keywords

• S&P 500
• record high
• stock market
• financial stocks
• technology stocks
• market gains
• Dow Jones

Mentioned in this episode

Organizations: S&P Dow Jones Indices, Business Insider, Bloomberg, StockTitan, TipRanks

Products: Albemarle

Places: US

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