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...US stocks rose, with gains for tech groups leading a broad rally that put the S&P 500 on track for a record high close....
...Paramount Global was the S&P 500’s best performer, soaring 15 per cent on news reports Skydance Media had reached a deal to acquire the entertainment group....
...The benchmark S&P 500 was down 1.5 per cent in Friday afternoon trading....
...Gains for stocks accelerated in the final hour of trading to leave the S&P 500 up 0.9 per cent....
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
...Gains for stocks accelerated in the final hour of trading to leave the S&P 500 up 0.9 per cent on Wednesday....
...The S&P 500 was headed for a record closing high as traders assessed US inflation data that unexpectedly increased last month....
...P said....
...The S&P 500 eked out a new record high on Friday as a broad rally outweighed a dip in tech groups. The benchmark index rose by less than 0.1 per cent, with two-thirds of companies advancing....
...The S&P 500 eked out its fourth consecutive record high close on Wednesday, helped by several big tech names rising to new peaks....
...S&P is three years on from completing the purchase of analytics group IHS Markit for $44bn and chief executive Doug Peterson told analysts earlier this month that the company was open to “tuck-in acquisitions...
...The S&P 500 stock index has touched the milestone of 5,000 for the first time, setting a fresh record high as a narrow group of companies continued to drive the benchmark upwards....
...Gains for technology groups helped push Wall Street’s benchmark S&P 500 to another record high on Monday morning....
...The S&P 500 rose as much as 0.6 per cent in early trading, but gave up most of the gains and was up just 0.1 per cent by mid-afternoon....
...Still, the S&P 500 managed to notch a five-session winning streak, its longest run since around Christmas....
...The sector gained 0.7 per cent, making it the S&P 500’s top performer, as the price of Brent crude settled at $83.55 a barrel, its highest level since November 6....
...The S&P 500 stock index has touched the milestone of 5,000 for the first time, setting a record high as a narrow group of companies continued to drive the benchmark upwards....
...However, the final gains bringing the S&P to a record this week were once again driven by large tech groups with heavy weightings in the index, with Meta, Microsoft and Nvidia all closing at new highs on...
...Coverage of the Mag7’s performance might make one think that the group is the only game in town....
...Thus only a fraction of overall AUM is deployed in strategies that have a direct impact on the VIX® index (e.g. 1-month over/underwriting strategies on the S&P 500 index)....
...On a forward P/E basis, the S&P 500’s 2021 (harmonic) average was 23, versus an average of 22 in the past four months and 18 in the past three decades....
...The benchmark S&P 500 rose 1.4 per cent on Monday afternoon, led by strength in the financial and tech sectors....
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