S&P 500 Nears Record as Breadth Weakens Under the Surface

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Source: MarketWatch
S&P 500 Nears Record as Breadth Weakens Under the Surface
Photo: MarketWatch
TL;DR Summary

As the S&P 500 nears a fresh record, breadth has weakened with about 60% of its components down 20% or more from their all-time highs, signaling a narrower rally even as AI-driven tech helps lift the index and the Nasdaq also moves into record territory.

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