Stock Market Takes On A Split Personality
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The stock market had a split personality in July. In the first half, the S&P 500 raced to its seventh all-time monthly high, and 38th record close of 2024, according to S&P Dow Jones Indices. Investors lightened up on popular megacap tech stocks driven by AI and rotated into rate-sensitive laggards, such as small caps and value stocks.