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● LIVE Updated 3h ago · 9 sources tracked

The rest of the market is leaving Big Tech behind after a historic comeback

The US stock market is experiencing a shift, with Big Tech underperforming the broader market in October after a strong September. This change is reflected in the S&P 500 Equal Weight index, which is on track for its best outperformance since 2009. Investors are rotating out of crowded Big Tech trades and into other sectors such as energy and staples.

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  • ✓ The S&P 500 Equal Weight index is on track for its best weighted index outperformance since 2009.
  • ✓ Big Tech stocks are underperforming the broader market in October after a strong September.
  • ✓ Investors are swapping AI chip stocks for energy, staples, and other sectors.
  • ✓ The S&P 500 Equal Weight index has experienced its sharpest one-month comeback since 1990.
🛡️ Source Corroboration: 9 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

Big Tech stocks, which had been outperforming the average stock, are now underperforming, with the S&P 500 Equal Weight index experiencing its sharpest one-month comeback since 1990.

Live updates

  1. Big Tech Loses Luster as Market Rebounds

    The US stock market is experiencing a shift, with Big Tech underperforming the broader market in October after a strong September. This change is reflected in the S&P 500 Equal Weight index, which is on track for its best outperformance since 2009. Investors are rotating out of crowded Big Tech trades and into other sectors such as energy and staples.

    Why it matters

    The artificial-intelligence trade that drove Big Tech stocks in September appears to be losing steam. This change in market dynamics is significant, as Big Tech had been dominating the market for some time. The current shift may indicate a change in investor sentiment and a more diversified market.

    What is confirmed

    • The S&P 500 Equal Weight index is on track for its best weighted index outperformance since 2009.
    • Big Tech stocks are underperforming the broader market in October after a strong September.
    • Investors are swapping AI chip stocks for energy, staples, and other sectors.
    • The S&P 500 Equal Weight index has experienced its sharpest one-month comeback since 1990.

    Still unconfirmed

    • Two events this week could decide a record for the S&P 500.

    What to watch next

    • Upcoming earnings reports from Big Tech companies
    • Investor sentiment towards AI-driven stocks
    • Performance of the S&P 500 Equal Weight index in the coming months
    Sources used for this update (10)
    1. MarketWatch — The rest of the market is leaving Big Tech behind after a historic comeback
    2. Yahoo Finance — Big Tech just went from crushing the average stock to losing to it: Chart of the Day
    3. Reuters — Breakingviews - COMMENTARY: Tech stocks sound an uncomfortable 2008 echo
    4. BigGo Finance — Chip Selloff Hands Equal-Weight S&P 500 Its Sharpest One-Month Comeback Since 1990
    5. TradingView — S&P 500 Equal Weight on track for best weighted index outperformance since 2009
    6. BeInCrypto — 2 Events This Week Could Decide a Record for the S&P 500
    7. finance.yahoo.com — Big Tech just went from crushing the average stock to losing ...
    8. finance.yahoo.com — The rest of the market is leaving Big Tech behind after a ...
    9. fnxt.app — The rest of the market is leaving Big Tech behind after a ...
    10. www.neuealchemy.io — The rest of the market is leaving Big Tech behind after a ...
    confidence 85%
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