US equities traded higher Wednesday, building on Tuesday’s rally that saw the S&P 500 and Nasdaq 100 hit new all-time highs. Today’s gains are broad-based, with the equal-weight S&P outperforming, reflecting strong market breadth. Leading sectors include pharma and biotech (boosted by LLY), homebuilders, media, insurers, and China tech, while retail favorites, small-caps, and heavily shorted names are also performing well. On the flip side, grocers and staples retailers (pressured by Amazon del…
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