Tech is still driving the bus — but industrials are a growing force in this market, and transports are on a tear.
The large-cap tech ETF XLK is set to extend its win streak to a record-breaking 15 straight sessions. But it’s not just megacap gravity. The small-cap tech ETF, PSCT, just notched its seventh straight intraday record high.
Meanwhile, semis keep soaring. SOXX is stretching its win streak to a record-tying 15 (last seen in June 2014) and has now logged 10 straight intraday all-time highs.
And the Dow Transports (^DJT) have scored eight record intraday highs in the last 10 sessions.
Here are this morning’s intraday record highs:
Indexes: Dow Jones Transportation Average (^DJT), Russell 2000 (^RUT), S&P MidCap 400 (^MID), S&P SmallCap 600 (^SP600), S&P 500 Equal-Weight Index (^SPXEW)
Dow Jones Sectors/Industries: Electronic Equipment, Telecom Equipment, Electrical…
