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S&P 500 near record highs while median stock is down 16%

Reported · Written up by our desk · Indices

CNBC reports that the S&P 500 is sitting just under a record high, but the median stock in the index is struggling and has fallen 16% from its peak.

The outlet describes this as an extraordinary split within the index, with overall market levels supported by only part of the underlying stocks.

Latest closeS&P 500 7,765.36 ▼0.5%

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Sources

CNBC MarketsThe stock market is at a critical juncture. Wall Street is convinced it will resolve in the bulls' favor
CNBC WorldThe stock market is at a critical juncture. Wall Street is convinced it will resolve in the bulls' favor

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