NEW YORK, June 28 — The S&P 500 and the Nasdaq hit record highs in early trade today, as tech-related growth stocks edged up, while investors awaited corporate earnings later in the week and data on a US labor market recovery.
The S&P 500 on Friday logged its best weekly performance in 20 following a bipartisan agreement on a US$1.2 trillion infrastructure spending deal and waning concerns about a sooner -than-expected policy tightening from the Federal Reserve. With the S&P 500 up almost 14 per cent as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.
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