S&P 500 HITS FRESH RECORD HIGH, EXTENDS BULL-MARKET MOMENTUM

The benchmark S&P 500 has made a fresh record high on Monday, extending a bull-market run on a boost from megacap and chip stocks. Corporate earnings and clues on rate cuts continued to top investors' radar.

The S&P 500 has hit a new record high, on Friday it has 4,842.07 points, as megacaps like Alphabet, Meta Platforms and Apple added over 1% each. Chip stocks Nvidia, Advanced Micro Devices and Micron Technology are too advanced between 0.6% and 1.7%, taking the Philadelphia SE Semiconductor index to a new all-time high up by 0.6%.

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