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The S&P 500 is approaching its previous all-time closing high, driven by gains in the technology and energy sectors. Large-cap tech stocks like Nvidia, Apple, and Microsoft are significantly contributing to the index's advance.
The S&P 500 finally made its first new all-time high in over two months this week, but this long-awaited milestone has obscured some of the market’s best-performing sectors. In particular, financials have been on an extraordinary run, with the Financial Select Sector SPDR fund up nearly 20% since the end of March. So i
For the past two years, investors have largely viewed bank stocks and financial ETFs through the lens of interest rates. But as second-quarter earnings begin, that narrative is changing. Strong trading revenue, a rebound in investment banking, record IPO activity and improving commercial lending are emerging as the sec