Happy birthday to the bull market, which just turned four.
Browsing: Technology Select Sector SPDR Fund
The S&P 500 rose to an all-time intraday on Tuesday, touching 7844.52 and surpassing its August 13 intraday peak when it hit 7,830. The benchmark also closed for the first time over 7,800.
Investors were rattled this week as the benchmark 10-year Treasury yield soared to its highest level since 2007, but sticky inflation is just one of the factors behind this latest surge.
S&P 500 companies are keeping more profit from every dollar in sales than ever before, providing another tailwind for stocks.
