Tech stocks power S&P 500’s rally; on track for best August in 34 years

The S&P 500, which rallied for the seventh straight session on Friday, is on track for its best August in 34 years, partly powered by a rally in technology stocks, prospects of super-low interest rates for a prolonged period, and hopes of a medical solution to the COVID-19 pandemic.
Reuters:The tech sector’s 0.6% rise provided the biggest boost to the benchmark index… “Technology has kind of become the recession play. With everybody piling in into it, the momentum is certa