Big Tech stocks are quickly falling out of favor. Here’s the market’s new momentum trade.
MarketWatch • • business
Key Points:
- The U.S. stock market has advanced in 2026 despite concerns over the Federal Reserve's independence and escalating U.S. foreign policy tensions.
- Investors are shifting away from Big Tech stocks, causing a major exchange-traded fund focused on these companies to face its longest monthly losing streak since 2023.
- Although Big Tech has dragged down the S&P 500 this year, money is rotating into other sectors, broadening market participation.
- This increased market breadth is contributing to record-high levels in the overall stock market in 2026.
