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 Powell Says a March Rate Cut is Unlikely READ MORE Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy READ MORE LBMA Releases Precious Metals Market Report: Q4 2023 READ MORE Rethinking Economic Forecasting: Central Banks Address Inflation Prediction Failures READ MORE China Doubles Down on Moves to Avert a Financial Crisis READ MORE Add a Comment Cancel replyYour email address will not be published.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