Technology stocks are extending their leadership on Wall Street as the S&P 500 t...
SAN FRANCISCO - Technology stocks are extending their leadership on Wall Street as the S&P 500 trades near its all-time high, with Advanced Micro Devices Inc , Xilinx Inc and Xerox Corp among the top performers since last December’s sell-off that stirred fear of an end to a decade-long bull market.
The S&P 500 on Tuesday dipped 0.61%, putting an end to eight straight sessions of gains. It is down less than 2% from its Sept. 20 record high close. Establishing a fresh record high on the S&P 500 would confirm that Wall Street’s bull market remains intact following its nearly 20% sell-off in the final quarter of 2018. At the same time, stock market investors are hotly debating whether the U.S. economy is nearing its first recession since 2009.
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