S&P 500 Hits 6-Week Winning Streak Since 2024; Semiconductor Index RSI Reaches 85.54 on May 10

According to Barchart data, the S&P 500 index achieved six consecutive weekly gains as of May 10, marking its longest winning streak since 2024. Meanwhile, the SOX Semiconductor Index's relative strength index (RSI 14) reached 85.54, the highest level since the 2000 dot-com bubble peak, signaling potential overbought conditions in the semiconductor sector.
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