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S&P 500 Tops 5,000 With Big Tech 'Calling the Shots'
By
Janet Levaux
News April 22, 2024 at 02:49 PM
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What You Need To Know
- Nvidia led gains, while Apple was named a top pick for 2024 by Bank of America on optimism over its upcoming results.
- The stakes are high for America's techn behemoths to start delivering on AI promises with their earnings poised to decelerate, BofA says.
- Big tech firms are running out of steam as their earnings momentum faces a cool down, according to UBS.
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