Nvidia’s nearly 30% surge has propelled the S&P 500 close to all-time highs, contributing to a 7% gain since August 5. The “Magnificent Seven” tech stocks have collectively added over $1.4 trillion in market cap, while the S&P 500 equal-weighted index reached a new record high, indicating a broadening market rally across various sectors. Despite a strong year for the S&P 500, with an 18% increase, the equal-weighted index has risen nearly 9%.
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