S&P 500 biggest ETF set to surpass $500 billion in assets for first time-ever

It has undeniably been a stellar year for the US stock market, fueled by an explosive surge in the artificial intelligence (AI) sector. Tech stocks, in particular, have experienced a remarkable boom, propelling the broader S&P 500 index to a year-to-date surge of over 25%, inching tantalizingly close to its all-time high of 4,796.56 reached on January 3, 2022.The double and triple-digit returns in major tech giants have also propelled SPY, the largest S&P 500 exchange-traded fund (ETF), to the cusp of a his ...