Summary

With three quarters of the current year in the books, the U.S. stock market is on track for a fourth consecutive year of double-digit gains, with massive AI infrastructure spending coupled with exceptionally strong corporate earnings growth giving the market a major boost. The S&P 500 has returned 11.8% year-to-date, with only Utilities (-7.7%), Consumer Discretionary (-6.3%), and Financial Sector (-2.5%) still in the red.

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