The equal-weighted S&P 500 just smoked the Nasdaq-100 in July — outperforming amid the violent chip-stock unwind
The equal-weighted S&P 500 rose more than the Nasdaq-100 in July. Tech stocks, especially chip companies, fell sharply during the month. This drop in chip stocks helped the broader equal-weighted index beat the tech‑heavy Nasdaq. Investors saw volatility around AI‑related trades continue.
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