Stock market in longest stretch without 2% sell-off since financial crisis…

• The S&P 500 has gone 377 days without a 2.05% sell-off.
• That’s the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by CNBC.
• This market lull comes as investors pile into megacap tech stocks, such as Nvidia, amid bets that artificial intelligence will boost profits.

Wall Street’s climb to record highs has come with conspicuously little volatility.

The S&P 500
has gone 377 days without a 2.05% sell-off. That’s the longest stretch for the benchmark since the great financial crisis, according to FactSet data compiled by CNBC. The index hasn’t experienced a gain of at least 2.15% in that time either.

https://www.cnbc.com/2024/06/21/stocks-are-in-their-longest-stretch-without-a-2percent-sell-off-since-the-financial-crisis.html