• Sun. Oct 25th, 2020

Gargantuan Tech’s fraction of the S&P 500 reached document level in August

ByAdministrator

Sep 28, 2020 ,
Gargantuan Tech’s fraction of the S&P 500 reached document level in August
The outlet between the weighting of the 5 absolute most life like companies in the S&P 500 and the 300 smallest rose to the very perfect ever at the discontinuance of August, consistent with records from the Leuthold Community.

Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale very a lot larger than it modified into once earlier than the dot-com bubble burst.

  • In August, 5 companies — Apple, Microsoft, Amazon, Facebook and Alphabet — held a fraction of the S&P 500 that modified into once 9% larger by market cap than the index’s 300 smallest companies. This modified into once a document amount.

What they’re announcing: “These trillion-greenback tech juggernauts have boosted their market-cap weight in 11 of the previous 12 months — zooming from 15.8% of the S&P 500 closing September, to 23.9% in August,” Phil Segner, a Leuthold Community be taught analyst, talked about in a fresh boom to purchasers.