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Home / Business and Economy / S&P 500 Broadens Gains: 92 Stocks Hit New Highs

S&P 500 Broadens Gains: 92 Stocks Hit New Highs

5 Feb

•

Summary

  • Nearly 100 S&P 500 stocks achieved new 52-week intraday highs.
  • Industrial sector led the surge with 27 companies reaching peaks.
  • Major companies like Walmart and Exxon Mobil hit one-year highs.
S&P 500 Broadens Gains: 92 Stocks Hit New Highs

The S&P 500 index experienced a notable expansion in market participation during Wednesday's trading session. A remarkable 92 stocks within the S&P 500 achieved new 52-week intraday highs, the highest volume of such occurrences recorded since November 2024.

This broad market strength emerged even as the technology sector faced a selloff. The industrial sector was a primary driver of this upward trend, with 27 companies, including prominent names like Caterpillar, RTX, and GE Vernova, reaching their annual peaks. Following closely, the financial sector saw 15 companies hit new highs, and the energy sector contributed 10 such instances.

Several high-market-capitalization companies also joined this rally, with Walmart, Exxon Mobil, and Johnson & Johnson among those reaching their one-year intraday highs. This widespread achievement across various sectors suggests a healthy and diversifying market environment.

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Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
Recently, 92 stocks in the S&P 500 reached new 52-week intraday highs.
The industrial sector led the surge, with 27 companies reaching new 52-week intraday highs.
Major companies such as Walmart, Exxon Mobil, and Johnson & Johnson hit new one-year intraday highs.

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