Big Tech’s drop means more balance for S&P 500, 401(k)s
https://apnews.com/fee639cb5318ad31750ef0725819c6ac
NEW YORK (AP) — The biggest companies have less of a stranglehold on the stock market — and likely on your 401(k).
The 10 most valuable U.S. stocks now account for less than a quarter of the S&P 500, 24.4%. That’s down from 30.4% in late 2021, and it’s the lowest proportion in the rankings at the end of each month since the pandemic began reordering the economy in February 2020.
Big Tech’s drop means more balance for S&P 500, 401(k)s
Jan 12, 2023, 1:33pm UTC
https://apnews.com/fee639cb5318ad31750ef0725819c6ac
> NEW YORK (AP) — The biggest companies have less of a stranglehold on the stock market — and likely on your 401(k).
> The 10 most valuable U.S. stocks now account for less than a quarter of the S&P 500, 24.4%. That’s down from 30.4% in late 2021, and it’s the lowest proportion in the rankings at the end of each month since the pandemic began reordering the economy in February 2020.