Market Breadth Weakens as Technology Rises
June 18, 2024 at 08:18 AM EDT
The Magnificent Seven? Last week felt more like the Magnificent Three. Markets saw Apple stock rise +8%, Nvidia stock was up +9%, and Microsoft was up 4%. These large market components pulled the S&P 500 up +1.5% last week. Meanwhile the Equal Weight S&P 500 index, which represents the average S&P 500 stock, fell -0.50%. [...] The post Market Breadth Weakens as Technology Rises appeared first on ETF Trends .
