The S&P 500, an index composed of the biggest publicly traded companies in the U.S., hit another all-time high this week. And in an unusual twist, it has been financial stocks at the forefront of the rally. The share prices of big banks have hit all-time highs, helping the finance sector eclipse tech on some days in pushing the S&P higher.
Mentioned Faculty
Tomasz Piskorski
Tomasz Piskorski is the Edward S. Gordon Professor of Real Estate in the Finance Division at Columbia Business School. He is also a Research Associate at the National Bureau of Economic Research and serves on the Academic Research Council of the Housing Finance Policy Center at the Urban Institute. Professor Piskorski earned a M.S. in Mathematics from New York University Courant Institute of Mathematical Sciences and a Ph.D. in Economics from New York University Stern School of Business.