History says the surprising S&P 500 stocks that led market to record, and the Dow, have room to run

History says the surprising S&P 500 stocks that led market to record, and the Dow, have room to run

The market is hyper-focused on the group of big tech stocks that now dominate the S&P 500, especially as Apple recently eclipsed the $2 trillion valuation mark and these technology companies come to represent as much as 20% of the index. But it was not the tech sector which posted the biggest returns as the market was running towards its new all-time record level notched last week.In fact, it was a sector that speaks more to the 20th century than the 21st century which had a double-digit percentage gain in the one-month trading window leading into last week's record: industrials. The S&P 500 Industrials led all sectors higher in the month of trading ended August 14, gaining well over 10%, and doubling the gain in the broad S&P 500 Index.According to recent