00:00It's Benzinga bringing Wall Street to Main Street
00:02The AI trade is pushing major stock indexes to new highs while much of the broader market declines,
00:07according to The Wall Street Journal. The S&P 500 and Nasdaq Composite closed at record highs
00:12Tuesday as Nvidia and other large technology companies continued to climb. Less than half
00:17of S&P 500 stocks finished above their 200-day moving average, while healthcare, banks, consumer
00:22staples, and small-cap stocks weakened. Analysts said investors increasingly view large tech
00:28companies as better positioned to withstand higher interest rates because of their strong
00:32balance sheets and growth prospects. The Magnificent Seven reached a combined market value of roughly
00:37$25 trillion Tuesday. Analysts warned that the market's narrow breadth leaves returns increasingly
00:43dependent on a small group of tech stocks, while others note that Reliance has produced
00:47strong results for several years. For all things money, visit Benzinga.com.
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