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.