Analysis-US stocks leadership showing signs of broadening beyond tech
NEW YORK, Jan 15 (Reuters) – After years of watching technology stocks drive the U.S. bull market, investors are betting the rally will broaden to industrial, healthcare and small-cap companies, with a chance they can catch up and assert market leadership.
Stocks such as Nvidia, Alphabet and Broadcom have buoyed the market’s enduring rally, in which the S&P 500 has risen over 90% since the bull market began more than three years ago.
But investors have become wary of expensive tech valuations amid uncertainty over the AI theme that propelled market gains, concerns that helped other stocks make inroads.
Shares of industrial, healthcare and small-cap…
