"S&P 500 Hits New Record High Amid Bull Market Confirmation and Tech Surge"

The S&P 500 closed at a new record high, breaking a streak of 512 trading days without a fresh record closing high. The move came amid uncertainty over a March interest-rate cut by the Federal Reserve and a renewed rise in Treasury yields. Historical data suggests that a return to record territory after a gap of at least a year has led to positive returns a year later. The Dow Jones Industrial Average also closed at a record high, while the Nasdaq Composite surged, with analysts noting that the rally to new highs historically leads to positive returns.