From Investing.com: 2024-05-27 08:44:06

Analysts at BTIG are cautious about being overly bearish on the benchmark despite concerns in the consumer sector, citing recent weakness in areas such as auto-parts suppliers and restaurants. The top 10 companies in the S&P 500 now make up over 35% of the index, a new record high. Information technology firms are a significant portion of the S&P 500, leading analysts to believe that the index will likely remain strong until these stocks see a decline in value. The analysts warn that while there are warning signs, the overall outlook for the S&P 500 remains positive for now.



Read more at Investing.com: Why these analysts say it’s “hard to get too bearish” on the S&P 500 By Investing.com