Tech Rally Drives S&P 500 Near Record High
A surge in giant technology companies pushed stocks higher on Monday, allowing the S&P 500 to approach a record high while the Nasdaq 100 reached a fresh peak. This advance occurred despite concerns over elevated oil…
A surge in giant technology companies pushed stocks higher on Monday, allowing the S&P 500 to approach a record high while the Nasdaq 100 reached a fresh peak. This advance occurred despite concerns over elevated oil prices and bond yields.
The market backdrop included significant pressure on the euro, which fell to its weakest level since May 2025 due to political upheaval in Europe and fiscal worries. Simultaneously, longer-dated Treasury yields hit multi-decade highs. Investors have absorbed rising rates, high energy costs, and renewed inflation concerns as stocks continue to advance.
Carol Schleif, Chief Market Strategist at BMO Wealth Management, discussed the broader market backdrop with Carol Massar and Norah Mulinda, hosts of Bloomberg Businessweek Daily.
Filed via finance.yahoo.com