The Dominance of AI-Powered Stocks in the S&P 500.
TL;DR Summary
Just 20 companies, mainly AI-related stocks, are driving the S&P 500 into positive territory, with tech and AI stocks soaring amid market headwinds. The narrow market breadth signals growing risk in the market, as a small collection of companies make up over 29% of the entire index's market capitalization. Without the AI-led rally, the S&P 500 would be returning -1.4%.
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