"Tech-Led Surge Propels S&P 500 to New All-Time High"

The S&P 500 index reached a new intraday record high, signaling a potential breakout after a month of trading in a narrow range. The market's choppy start to the year is attributed to rising Treasury yields and uncertainty over Federal Reserve interest-rate cuts. If the index closes above its record high, it would end the longest stretch without an all-time closing high since 2013. U.S. stocks opened the year on a downward trend but posted a recovery, with the S&P 500 and Nasdaq Composite erasing 2024 losses. Analysts are divided on whether the market is overbought and due for a correction or if it's entering a new up leg, with historical data suggesting positive returns a year after a return to record territory.