S&P 500 Hits Record Highs Amid Tech-Driven Rally

Strong industrial production and optimism in tech stocks propel market gains despite consumer spending concerns.

The S&P 500 reached a new record, closing at 5,473.23, driven by gains in major tech stocks like Apple and Microsoft.
Goldman Sachs raised its year-end forecast for the S&P 500 to 5,600, reflecting increased investor confidence.
US industrial production saw a notable rise in May, signaling potential resilience in the manufacturing sector.
Retail sales showed minimal growth, indicating financial strain among consumers despite market optimism.
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