S&P 500 Hits All-Time High While European Luxury Stocks Get Crushed

On today's episode of Market Brief – After Hours, the S&P 500 closed at a fresh all-time high of 7,023 and the Nasdaq extended its winning streak to 11 consecutive sessions, yet the rally is narrowing dangerously, with gains almost entirely concentrated in mega-cap tech. European luxury stocks were brutally sold off, homebuilder sentiment hit a seven-month low, and gold dropped below a key moving average. We break down the full picture across global equities, FX, commodities, and today's biggest individual stock movers including two names that each jumped 10% and a live events giant that fell 6% after a federal monopoly ruling. Hosted on Acast. See acast.com/privacy for more information.