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S&P 500 rally depends on a shrinking set of stocks
MarketWatch highlights that the latest push in the S&P 500 back toward near-record levels has been driven by a surprisingly small number of stocks.
The outlet notes that fewer stocks are “carrying” the index than at any time since the dot-com peak.
MarketWatch frames the move as a concentration of gains, suggesting the index is rising even though the breadth of participation is narrower than in past rallies.
Latest closeS&P 500 7,706.03 ▼0.8%
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