FTDS - S&P 500 Slips As Market Rotation Gains Steam
2024-07-29 08:12:00 ET
Summary
- The S&P 500 slipped a little over 0.8% in the trading week ending Friday, 26 July 2024. The index closed out the week at 5,459.10.
- The market's decline coincided with the of the conveyance effect gaining steam.
- On net, we're seeing that negative changes in the market capitalization of megacap tech stocks that are being mostly offset by increases in stocks with lower market caps.
The S&P 500 (SPX) slipped a little over 0.8% in the trading week ending Friday, 26 July 2024. The index closed out the week at 5,459.10 . The index is 3.7% below its peak of 5,667.20 that it reached on 16 July 2024....
S&P 500 Slips As Market Rotation Gains Steam