For the twelfth time in seventeen weeks, stocks and bonds moved in the same direction. Stocks lifted as lower bond yields fueled returns within the health care and technology sectors. The S&P 500 gained +0.4%, hitting a new record high, while the Dow Jones Industrial Average lost ground falling -0.8%. For the fourth straight week, the technology heavy NASDAQ Composite rallied, closing up +1.9%. The top performer was the Russell 2000, which rose +2.2% as small caps returned to favor.

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