One of the vital ‘Magnificent Seven’ members is rumbling to life. Right here’s what which means for tech and the S&P 500.
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Could a “Santa Claus rally” be stirring? The S&P 500 is hovering near fresh highs after Tuesday’s action saw it log the 38
th record close of the year. All three major indexes logged four straight winning sessions.
Lending a hand on Tuesday were shares of Nvidia
NVDA, which have been in comeback mode after struggling since late October amid investor concerns over an AI bubble and spending on that hot technology.