sunshineboy
01-23

For me, I think the stock market will continues to build on gains after the record high close for the $S&P 500(.SPX)$ [Happy][Happy][Happy]on Friday. Strength in tech stocks, along with a drop in market rates, has provided support to the broader market.

The S&P 500 and $DJIA(.DJI)$ both show a 0.6% gain while the Nasdaq Composite (+0.8%) and $iShares Russell 2000 ETF(IWM)$ (+1.3%) outperform[Happy][Happy][Happy]. Nine of the 11 S&P 500 sectors are trading up and two trade down.

The rate-sensitive real estate sector (+1.4%) shows the largest gain by a decent margin, responding to the drop in Treasury yields.

^Meanwhile, the consumer staples sector (-0.3%) is underperforming.

# Will S&P 500 Hit 5000?

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  • AdamDavis
    ·01-25
    Bullish market outlook, tech stocks gaining strength, S&P 500 hitting record highs, positive performance in most sectors. [Bull][Rocket][Thumbs up]
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