S&P 500 Notches 28th Record High of the Year as Tech Rallies
The S&P 500 index reached a new record high on Monday, marking its 28th all-time closing high of the year. The rally was led by the technology sector, which recovered from an early decline. Investors were also encouraged by comments from central bank officials, which provided insights into the trajectory of interest rates. The S&P 500 closed at a new record, with the technology-heavy Nasdaq Composite also finishing the day higher. The strong performance of tech stocks, which had previously experienced a pullback, was a key driver of the market's upward movement. Analysts noted that the comments from central bank speakers offered clues about the potential path of interest rates, which helped to buoy investor sentiment. The positive market sentiment and the continued strength of the technology sector contributed to the S&P 500's latest record-breaking performance.
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