Stock Market Is Top-Heavy, but Carnage Is Widespread - 20 mai 2022

De la TradeVille.ro wiki


Apple Inc. (US.AAPL), Microsoft Corp. (US.MSFT), Amazon. (US.AMZN) com Inc., Tesla (US.TSLA) Inc. and the parent companies of Google (US.GOOG) (US.GOOGL) and Facebook (US.FB) swelled to be so big in recent years that they accounted for 25% of the S&P 500 heading into 2022. The benchmark U.S. stock index is weighted by market value, which means the biggest companies have the most influence. Just recently, those companies were powering the stock market ever higher. Now that they are faltering, the broader market is too. Together with Nvidia Corp. and Netflix Inc. , they are responsible for 46% of the benchmark’s 2022 losses through Wednesday on a total-return basis, according to S&P Dow Jones Indices. 

The S&P 500 has tumbled 18.2% in 2022, or 17.7% when accounting for dividends and stock distributions. The stock market’s former darlings have fallen even farther. Netflix has declined 70%, and Facebook parent Meta Platforms Inc. and Nvidia are down 43% and 42%, respectively. The other five stocks have dropped between 23% and 36%.


https://www.wsj.com/articles/stock-market-is-top-heavy-but-carnage-is-widespread-11652935180