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Tech could possibly be the catalyst to carry the inventory market to new highs 


The Charging Bull or Wall Road Bull is pictured within the Manhattan borough of New New York, January 16, 2019.

Carlo Allegri | Reuters

The S&P 500 may head to a brand new excessive within the close to time period, if tech shares can proceed to behave as a booster to the broader market as a substitute of a drag.

For the week thus far, tech has gained 1.3% although it was barely destructive Thursday. For the 12 months thus far, tech is likely one of the three worst sectors, up simply 5.6%, in comparison with the 11.8% achieve within the S&P 500.

“The query is was {that a} damaged bounce in these names and is it virtually over or may they maintain a transfer over the following few weeks which might additionally maintain sentiment for the S&P to hit new highs heading into the Fed assembly June 16,” stated Scott Redler, associate with T3Live.com.



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