S&P 500 Closes 0.6% Off High, 1.7-to-1 Breadth Points to Broader Momentum Than AI-Focused Rally
The S&P 500 gained 0.26% to close at 7,748.50 on Wednesday, ending the session 0.58% shy of its 52-week peak.
Dow Jones Sets New High as Broader Rally Follows Oil Price Drop
U.S. equities climbed late Monday as declines in oil prices and Treasury yields boosted sentiment. The Dow hit an all-time high, and the Nasdaq advanced 2.13%. Regular trading on the NYSE concluded at 4 p.m. EDT.
S&P 500 Tech Slide Masked 0.76-Point Shift—Banks in Focus as Results Loom
S&P 500 dropped 0.8% Monday as chip stocks tumbled and oil spiked nearly 10%, shaking risk appetite. But the bigger story for investors was under the surface: the index’s equal-weight version slipped just 0.03%. A big financials ETF moved up 0.65%, while its tech fund counterpart fell 2.42%. The 0.76 point gap between the main and equal-weight S&P suggested big caps were rotating, not dumping stocks.
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