The reliance on a few tech giants for S&P 500 gains highlights concentration risk, potentially amplifying future market volatility. The post Four tech giants carried the S&P 500 through Q3 while most stocks fell appeared first on Crypto Briefing .
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The S&P 500 is trading near record highs, despite about three out of four stocks in the index falling in September. At the same time, the index is increasingly driven by a handful of tech giants. A similar unusual pattern has only been seen on two previous occasions – 1929 and 1999. According to CNBC, about 75 percent of the stocks in the S&P 500 fell in September, despite the index being about 1 percent off its record high. Gains in Apple, Nvid…