S&P 500 Near Records as AI Leaders Sustain a Cautious Rally
TL;DR Summary
The S&P 500 remains near a record as a patient, rotation-driven rally concentrates in AI beneficiaries and mega-cap tech, while breadth stays uneven with banks and consumer cyclicals lagging. Analysts warn the move relies on a narrow leadership set and earnings strength to justify valuations amid mixed market signals and policy outlook.
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