The Utilities and Consumer Staples sectors have popped since mid-April as investors search for value.
The stock market's very rough April saw some of the biggest gainers of the first three months take some of the biggest dings to their market caps. And at the same time, some of the sectors that struggled in Q1 saw a similar reversal of fortune in April.
Big Tech companies have ramped up spending to compete on AI. They're compensating shareholders for the effort, too.