Stock market news today: Technology leads sectors as S&P looks to extend streak | November 8, 2024

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto

To get the latest market news check out finance.yahoo.com

The S&P 500 is nearing positive territory again on Wednesday, with technology leading the sectors up nearly 0.5%.

This has been the trend as the market has rallied over the past week with the S&P 500 rising for seven straight days, too. Tech has been leading the way, up 7.8% the most of any sector over the time frame.

This, according to Truist Co-CIO Keith Lerner, is abnormal for a rally after down month in October.

"A lot of times when you have these kind of bounces off a low, you expect the most beating up areas of the market to perform the best. And initially small caps did, right? But what's kind of interest is that tech didn't really go down that much more than the overall market."

He added: "It's almost like people that the market is going back to the playbook that had won earlier in the year."

Below is a look at the seven day performance of the sectors courtesy of the YFinteractive.

For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-news-today-nasdaq-sp-500-extend-longest-win-streaks-since-2021-210547514.html

Видео Stock market news today: Technology leads sectors as S&P looks to extend streak | November 8, 2024 канала Yahoo Finance