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S&P 500 Closes In on Record High as Tech Rallies
A rally in giant technology companies drove stocks higher in the Monday session, overshadowing concerns about still-elevated oil prices and bond yields. The S&P 500 rose to a striking distance of a record while the Nasdaq 100 reached a fresh peak. Political upheaval in Europe and fiscal worries drove the euro to its weakest since May 2025, while longer-dated Treasury yields hit multi-decade highs. Markets have absorbed rising rates, high energy costs and renewed inflation concerns, with stocks continuing to advance. For a look at the broader market backdrop, we hear from Carol Schleif, Chief