“We still think it’s too early to write off the rest of the market in favor of the large-cap tech and Nvidia especially,” Bespoke Investment Group co-founder Paul Hickey said on Tuesday. “We look for the market to broaden out, but it’s not necessarily a binary choice between megacaps and smaller caps, but more bias going forward to looking at these other companies in the S&P 500.”
Wall Street will shift its attention toward fresh inflation data on Friday with the release of May’s personal consu...

In H1 2024, 9 out of the 11 major sectors in the Malaysia stock market recorded gains. The technology sector surged ahead, with the utilities sector following closely behind.
The technology sector, which ranked fourth in price increases last year, has performed remarkably well in the first half of this year, soaring more than 25% year-to-date and leading other sectors. Since NVIDIA and YTL Power's collaboration to estab...