Reported 6 months ago
The stock market rally in May saw the S&P 500 reaching record levels with contributions from just six large tech stocks, reminiscent of the 2023 tech stock rally. Apple, Alphabet, Microsoft, Amazon, Meta, and Nvidia drove the market to its best May since 2003, while the other 493 stocks in the S&P 500 lagged behind. The narrow leadership from Big Tech has prompted concerns about market health, as participation from other stocks has waned, with the market increasingly driven by fewer stocks.
Source: YAHOO