Breadcrumbs.
Stocks moved cautiously higher in a bifurcated week, with the S&P 500 achieving its eighth weekly advance from the last nine and ending up just south of all-time record levels, but tech stocks started slumping later in the week, particularly AI-related ones. With a jam-packed week coming up in terms of important economic data releases, there are some concerns that any disappointments could trigger something of a sell-off from these stratospheric levels.
The S&P 500 and NASDAQ indexes both closed at record highs yet again on Monday (that was the 30th record day this year for the S&P 500 and…
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