Reported 7 days ago
The US stock market is experiencing broader gains, with more stocks participating in the S&P 500's rise to new record highs. Optimism regarding Federal Reserve rate cuts is driving investors towards regional banks and industrial companies as well as technology stocks. Currently, over 60% of S&P 500 components have outperformed the index, marking a significant shift from earlier this year where gains were mostly concentrated in a few tech giants. The market awaits key employment data to further validate the ongoing growth narrative.
Source: YAHOO