Tech Giants Drive Market Growth Amid Concerns Over Imbalance
The US stock market has seen significant growth since earnings season began on July 13, with nearly $1.75 trillion added to its market capitalization.
Technology stocks have driven this growth, accounting for nearly 79% of the increase, and Microsoft Corp (MSFT) and Nvidia (NVDA) have been key contributors, collectively adding over $1.42 trillion in value.
This concentration raises concerns about structural imbalances, as the market's performance appears heavily reliant on these two tech giants.