Nasdaq outperforms Dow in May by widest margin since dot-com crash as ‘Magnificent Seven’ stocks power higher

May was a great month for technology and chip maker stocks. The rest of the market? Not so much.

The dispersion between tech stocks and, well, everything else reached a fever pitch in May, marking a new high for a trend that has been developing since the start of 2023, when investors started buying back tech shares after they led the market lower in 2022.

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