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 Gold Surges to New High Amid Rising Haven Demand READ MORE UAE Halts Operations at 32 Gold Refineries to Combat Money Laundering READ MORE Record High Credit Card Debt Strains American Finances Amid Inflation READ MORE Silver Market Faces Major Deficit as Industrial Demand Hits Record Highs READ MORE ECB Hints at Future Rate Cuts, Distances Policy from U.S. Federal Reserve READ MORE Add a Comment Cancel replyYour email address will not be published.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