S&P 500 HITS ANOTHER HIGH
In a dream week for stocks, it seems nothing can slow down the S&P 500. The technology sector powered the index to yet another record high, helped along by companies such as Amazon and Google’s parent company, Alphabet. Despite the dead weight of the energy sector, a consequence of dropping oil prices, the S&P rose above 3.6%, shattering previous historical records. Increased oil production led to yet another drop in oil prices. Consequently, both Chevron and Exxon were negative, leading to a drag on the Dow Jones and S&P 500 index.