Market Shift: Tech Stocks Lose Ground

The S&P five hundred stock index is nearing its peak, but this time, its not tech giants driving the growth. Instead, companies like Eli Lilly, Cardinal Health, and Biogen are leading the charge. The markets leadership appears to be rotating, with investors expressing concerns about the concentration of the market in a few large companies. While some tech firms are still performing well, the Magnificent Seven, including Meta Platforms, have largely struggled. This shift could be temporary unless other sectors show significant earnings growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.