Morning Wrap: ASX 200 to rise, S&P 500 and Nasdaq close at record highs
S&P 500 and Nasdaq rallied, finished near best levels and at record highs Big tech extended recent outperformance, led by Nvidia (+5.1%), Meta (+3.8%), Microsoft (+1.9%) and Alphabet (+1.1%) Defensives like Utilities, Staples and Real Estate finished in red – The Equal Weight S&P 500 underperformed the official benchmark by 57 bps