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Tech Surge Lifts S&P 500, Small Caps Lag in Weak Market

Tech giants lift S&P 500 by 1.5% despite most sectors falling. Small-cap stocks struggle, raising market health concerns amid tech-driven gains.

by Lilu Anderson
Tue, Jun 18, 2024 6:48pm
in Technology
• 3 mins read
14.5k
Tech Surge Lifts S&P 500, Small Caps Lag in Weak Market | FinOracle

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Market Breadth Weakens as Technology Rises

Last week the stock market was driven by three big technology companies: Apple, Nvidia, and Microsoft. Apple stocks went up by 8%, Nvidia by 9%, and Microsoft by 4%. These gains helped the S&P 500 index rise by 1.5%. However, the Equal Weight S&P 500 index, which represents the average stock in the S&P 500, fell by 0.50%.

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