S&P 500 Tops 5,000 With Big Tech 'Calling the Shots'

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.