Reported about 2 months ago
Nvidia's significant rise in stock value has bolstered the S&P 500, which is nearing all-time highs, helping the index rebound over 7% since early August. While major tech stocks like Apple and Amazon have driven this surge, indicating a healthy market recovery, sectors such as Utilities and Consumer Staples are also reaching record levels. Analysts suggest that this broadening participation across multiple sectors signals a robust rally, despite some concerns ahead of Nvidia's upcoming earnings report.
Source: YAHOO