The S & P 500 set a record in the first few trading sessions of the year, rising 0.4% this week. Fluctuations in Salesforce and other software companies are in line with growing volatility in tech stocks. The S & P 500’s energy and financial sector has outperformed this week, but technology is lagging behind. The Nasdaq Composite lags behind the S & P 500 earlier this year. This continues the trend since last year when the S & P 500 outperformed Nasdaq by 5½ percentage points, the largest annual outperformance since 2002.

Source: Wall Street Journal January 22, 2022 16:20 UTC