27 S&P 500 Stocks Hit New Highs Amid Tech Sector Strength

Twenty-seven S&P 500 stocks have reached new 52-week highs, led by Merck (MRK) with a market value of $335.1 billion.

The list shows strength concentrated in tech, but the business stories behind the highs vary widely.

Tech Hardware, Storage & Peripherals leads today’s list with four names.

Merck has gained 9.7% over the last month while its revenue grew 4.6%, and it trades at 105.5 times trailing earnings.

A new high is not a verdict on a business, but rather a reflection of current sentiment.