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

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%.