Tech Giants Reshape S&P 500, Leaving Traditionals Behind

The Tech Takeover of the S&P 500 Continues at a Rapid Rate

The technology sector has taken over the S&P 500 in a big way, with a record-breaking 30% of the benchmark index now being comprised of tech-related names. This means that tech now accounts for more than the combined weight of the next two largest components of the index, healthcare and financials. In reality, the true tech weighting is likely over 40% and growing, as tech companies have outperformed the overall index this year.