Breaking: The S&P 500 SPX has just breached its all-time closing high at 3,386.15

FXStreet Team FXStreet

At a high of 3387.89 scored today, the S&P 500 SPX has just breached its all-time closing high at 3,386.15, just shy of the 3,393.15 record intraday high, both for which were last registered on February 19.

However, the SPX is getting a big-5 boost from Apple AAPL, Microsoft MSFT, Amazon.com AMZN and Alphabet GOOG and Facebook FB.

Shortly after noon, these 5 stocks were accounting for around 40% of the SPX's rise today.

Meanwhile, small-caps, the banks and energy are lagging.

Moreover, stock splits have been announced by Apple and Tesla which have boosted demand for shares.

However, such a move could prompt other companies with high-price shares such as AMNZ, GOOGL, to consider such a tact, but that is not necessarily a bullish outlook for the stock market, at least from a fundamental standpoint.

These stocks splits are not affecting the underlying value of the business, nor are they attracting investors who are concerned for anything more than technical, momentum and non-fundamental drivers.

SP 500 weekly chart

Author

FXStreet Team

FXStreet

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.