"Dovish Fed Boosts Broadening US Market Rally"

The U.S. stock market rally is broadening beyond tech giants, with financials, industrials, and energy sectors outperforming the S&P 500's year-to-date gain. Dovish signals from the Federal Reserve and a reassuring economic outlook are encouraging investors to look beyond megacap stocks. The Fed's confidence in taming inflation and cutting interest rates has prompted investors to seek winners outside of the dominant tech companies. The broadening rally contrasts with last year's concentration on megacap stocks, and some investors believe the market is due for a pullback after a significant run.