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Michael Hartnett

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The stock market just did something eerily similar to the dotcom bubble top in 2000

The S&P 500 closed at a record on the last trading day of May, but only a handful of stocks — focused mostly in the AI area — hit their own all-time highs. This strange occurrence echoes what happened at the top of dotcom bubble 26 years ago. On Friday, just 20 of the index members hit a record.

CNBC 9d ago