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S&P 500 scales new peak despite sector rotation
Wall Street remained firm as earnings strength offset tech selling, pushing the S&P 500 to a new record high.
US equities ended mixed on December 11 as the S&P 500 touched a record high, supported by strong earnings momentum. Investors rotated out of technology stocks into value sectors, limiting gains in the Nasdaq. Analysts noted resilient margins and broad based revenue growth continue to support market strength despite near term AI stock fatigue.