S&P 500’s Breakout Points towards Rising Highs

S&P 500 reaches new high, driven by semiconductor stocks

The S&P 500 achieved a remarkable milestone on Friday, as it reached a new all-time high, breaking records set over two years ago. This surge was fueled, in part, by the strong performance of semiconductor stocks, which benefited from the growing trends in artificial intelligence (AI) spending. The significance of this achievement has not gone unnoticed by analysts at Fairlead Strategies, who have taken the opportunity to reevaluate the charts.