Big Tech Rotation Triggers Longest S&P 500 Losing Streak Since January
TL;DR Summary
The S&P 500 is experiencing its longest losing streak since January, driven by a rotation away from Big Tech stocks, which have sharply declined this week, although broader market indices and equal-weight ETFs show more resilience. This shift reflects profit-taking and a natural market reset after strong recent gains, with analysts noting the importance of broader participation beyond tech for a healthy index.
- Rotation out of Big Tech sends S&P 500 on longest losing streak since January. How far will it run? MarketWatch
- Stock Market Today: Dow Sinks As S&P 500 Extends Losing Streak; Palantir, Nvidia Make Opposite Moves (Live Coverage) Investor's Business Daily
- The S&P 500 heads for a fifth day of declines, but drug stocks are a bright spot CNBC
- Stock Market Today: Walmart and jobs data disappoints; stocks face declines Yahoo Finance
- US stocks end down on trimmed rate cut bets before Powell speech. Walmart results hurt Dow USA Today
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
91%
732 → 63 words
Want the full story? Read the original article
Read on MarketWatch