By Park-Elm|
2024-03-01T12:28:23+00:00
March 1st, 2024|Markets|
- Markets shook off looming concerns over inflation and the Fed’s future rate trajectory with more record highs in February, driving the S&P 500® up 5%. With a consistent tailwind of interest in AI and generally better than expected Q4 earnings, mega caps continued to show strength with the S&P 500 Top 50 up 6%.
- While small caps lagged, the rally began to broaden with mid caps slightly outpacing their large-cap counterparts, with the S&P MidCap 400® up 6%.
- All sectors posted gains, led by Consumer Discretionary and Industrials.
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