Investing
Why Your Index Fund Won’t Protect You From Tech’s Collapse
The S&P 500 is dominated by big tech, which was good news on the way up. Not so much on the way down.
The S&P 500 has plunged in 2022.
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Investors who thought their S&P 500 Index fund is diversified are getting a rude shock.
The benchmark stock index fell for a seventh straight week, its longest losing streak since 2001, but its drop would be far less dramatic if it wasn’t so heavily weighted to mega-cap tech stocks like Apple Inc., Microsoft Corp., Amazon.com Inc., Alphabet Inc. and Meta Platforms Inc.