From Yahoo Finance:

Investors are shifting focus from tech stocks to financials, industrials, and energy due to a positive economic outlook and signals from the Federal Reserve. S&P 500 has gained 9.7% year-to-date, not just from megacap stocks like Nvidia and Meta Platforms, but also from other sectors. Fed expressed confidence in controlling inflation, allowing investors to find winners outside megacaps. More S&P 500 stocks are outperforming the benchmark, 180 this year compared to 150 last year. Small caps, like Russell 2000, still lag in performance, but some believe they could benefit from the Fed’s forecast of interest rate cuts.



Read more at Yahoo Finance: Broadening US market rally gets boost from dovish Fed