This Rally Is All About a Few Star Stocks—And Some Investors Are Worried

Investor exuberance about Big Tech has helped buoy the U.S. market, but some warn that may be masking trouble

In the last full week before the Federal Reserve’s June policy meeting, reports on average mortgage rates, initial jobless claims and consumer credit will give investors clues about the direction and pace of inflation. WSJ’s Dion Rabouin explains. Photo: Jeff Chiu/Associated Press

Major indexes have overcome a series of challenges to power higher this year. But some investors are worried that this performance rests on just a few heavyweight stocks. 

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