Big Tech stocks rally, as tech now drives S&P 500 more than on Election Day 2016
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Big Tech stocks are rallying, significantly boosting the S&P 500 as Americans vote for the next U.S. president.
November 05, 2024 | 7:45 pm
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POSITIVE IMPACT
The iShares Core S&P 500 ETF (IVV) is experiencing gains as Big Tech stocks rally, driving the S&P 500 higher.
IVV, which tracks the S&P 500, benefits from the rally in Big Tech stocks as they significantly contribute to the index's performance. The positive sentiment around Big Tech during the election is likely to have a short-term positive impact on IVV.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80