Tuesday, November 23, 2021

S&P 500 technology index dominated by a handful of stocks

The biggest U.S. technology companies dominate their industry group to a degree that poses risks for investors, according to David Kastner, a senior investment strategist at the Schwab Center for Financial Research. Kastner singled out Apple Inc., Microsoft Corp. and Nvidia Corp. in a blog post Thursday. They ended last week with a combined 51% weight in the S&P 500 Information Technology Index, according to data compiled by Bloomberg. The index’s top three are poised to increase their share of its value for a fifth straight year. 


*** 8 months later *** 

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