Tech Giants Drive S&P 500 to Record High as Most Stocks Fall
📡 Barrons · 1 min read ·
Part of composite article Tech Earnings Could Finally Wake Up a Sleepy Market—and $600 Billion in New Stock Is Coming by 2027 View full article →
The S&P 500 reached a new record high, but the gain comes from a small group of technology companies. Most U.S. stocks are actually down.
Investors are putting money into companies tied to artificial intelligence (AI). This small group is pushing the index up, while the rest of the market struggles.
The result: a record-breaking index that does not reflect the broader market.