Technology, the new heartthrob of market rallies

Technology's latest cutting edge, artificial intelligence (AI), is driving the rally on Wall Street as the US economy heads into recession. The S&P 500 would be lower than at the beginning of the year without stocks like Apple, Alphabet, Meta, Microsoft and Nvidia climbing in the range of a third to more than double. Technology stocks have advanced nearly 40% in six months, the fastest pace in two decades.

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