The article further discusses the performance of the S&P 500 in the first half of the year, which is expected to be strongly positive due to a rally in the market's largest names. The article also mentions the expectations for the second half of the year, with Bloomberg Intelligence's sector rotation model favoring energy, health care, and financials to lead the index. The article concludes by discussing the performance of various companies and the key events to watch out for in the week.
Key takeaways:
- Stocks struggled for direction in the final stretch of a strong quarter with high-flying technology shares leading the way.
- Amazon.com Inc. reached a $2 trillion valuation in a rally that took the e-commerce giant deeper into record territory.
- The S&P 500 is on track to deliver a strongly positive performance for the first six months of the year, fueled by a rally in the market’s largest names.
- A recent market attempt to broaden out of the megacap group was short-lived, with a bevy of measures still showing how market breadth remains weak.