"Stock Market Update: S&P 500 Hits Record High Amid Mixed Earnings Picture"

While the S&P 500 is set to achieve its fifth consecutive record close, other indexes such as the Value Line Geometric Index and the Russell 2000 are struggling, indicating the dominance of a few megacap technology stocks in driving the S&P 500's performance. The performance gap reflects the increased concentration in large-cap stocks, with small-cap stocks lagging behind. Additionally, the disparity between the S&P 500 growth index and the S&P 500 value index highlights the catch-up of high-quality value stocks to market leaders in the tech space.