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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The S&P 500 momentum factor recorded a month-to-date gain of 7.4% according to S&P Global, even as tech stocks struggled to rally despite positive earnings. The index secured a 0.6% weekly gain after recovering from a volatile start to the week. Notably, the index surged 1.8% on Thursday, marking its best single-day performance in over two months.