Tech Titans Propel S&P 500 to Unprecedented 5,600 Milestone The S&P 500 has reached a historic milestone, surpassing 5,600 points for the first time, driven by a strong rally in major technology stocks. This surge comes amid growing investor optimism for potential Federal Reserve rate cuts, bolstered by Fed Chair Jerome Powell’s congressional testimony. The market’s upward trajectory is further supported by positive news from tech giants like Apple and Nvidia, as well as stable Treasury yields. While the rally is broad-based, with the Nasdaq 100 also showing significant gains, some sectors like banking are underperforming. This record-breaking performance occurs as Wall Street anticipates key economic data and the start of the earnings season, highlighting the current bullish sentiment in the market « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China Pledges Response to Biden Administration’s Expanded Tariffs READ MORE China's GDP Growth Slumps to 5-Quarter Low, Raising Concerns for Xi's Economic Strategy READ MORE Central Banks Warned to Stand Firm Against Inflation READ MORE February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE Silver Achieves Major Milestone, Outpacing Gold's Gains READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment