Reported about 1 year ago
Investors are eager to see if the recent rally in US stocks, largely driven by tech giants, will expand to include a wider range of companies. Only 24% of S&P 500 stocks outperformed the index in the first half of the year, leading to concerns about the sustainability of the rally. As second-quarter earnings season begins, with major banks reporting next week, attention is on whether other companies can match the profit growth of tech leaders like Nvidia and Microsoft. Analysts predict that broader market participation could increase in the coming quarters, potentially shifting focus from tech and communication sectors to energy, healthcare, industrials, and materials.
Source: YAHOO