S&P 500 Closes In on Record High as Tech Rallies
A rally in giant technology companies drove stocks higher in the Monday session, overshadowing concerns about still-elevated oil prices and bond yields. The S&P 500 rose to a striking distance of a record while the Nasdaq 100 reached a fresh peak. Political upheaval in Europe and fiscal worries drove the euro to its weakest since May 2025, while longer-dated Treasury yields hit multi-decade…
The S&P 500 edged closer to a record high on Monday, propelled by a strong performance from major technology firms, despite concerns over high oil prices and rising bond yields. The tech-heavy Nasdaq 100 also reached a new all-time high, as political instability in Europe and fiscal concerns weighed on the euro, bringing it to its lowest level since May 2025.
Meanwhile, longer-term Treasury yields hit multi-decade highs, as markets have adapted to higher interest rates, surging energy costs, and renewed worries about inflation. Carol Schleif, Chief Market Strategist at BMO Wealth Management, discussed these market dynamics with Bloomberg Businessweek Daily hosts Carol Massar and Norah Mulinda.
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Also reported by 2 other outlets
- S&P 500 Closes In on Record High as Tech Rallies: Markets Wrap bloomberg.com
- SP 500 closes in on record high as tech rallies financialpost.com
