"S&P 500's Bullish Journey: From Volatility to Record Highs"

The S&P 500 Index reached new closing and intraday highs for the first time in two years, driven by the resurgence of technology companies and support from the Federal Reserve. The index rebounded from a 2022 selloff, adding over $10 trillion in market value, with the Magnificent Seven technology firms leading the charge. The road to this record high took 512 trading sessions, the longest dry spell in over a decade, and was marked by significant volatility and external factors such as rising interest rates and geopolitical tensions. Notably, the top performers contributing to the index's gains were technology giants like Microsoft, Nvidia, Apple, Meta, and Amazon, while some regional lenders and companies like First Republic Bank and SVB Financial Group faced significant declines.