The S&P 500 equal-weighted index rose 1.6% this week while the traditional capitalization-weighted S&P 500 fell 2%, marking the widest weekly outperformance for the equal-weight version since June 2020. Investors rotated out of megacap technology stocks and into previously lagging sectors, with the Roundhill Magnificent Seven ETF down 12.9% so far this month and Nvidia tumbling 8.6% on the week. Six of the S&P 500's 11 sectors posted weekly gains, led by healthcare's 7.9% advance, while the tech-heavy Nasdaq Composite dropped 4.6%. The blue-chip Dow Jones Industrial Average managed a 0.6% weekly gain, underscoring the shift toward more diversified holdings.
Apple Inc.
Amazon.com Inc
Alphabet Inc Class C
Microsoft Corporation
NVIDIA Corporation
Meta Platforms Inc.
Tesla Inc