Another closely followed index is set to make a new record close.
The S&P 500 equal-weight index (^SP500EW) is on track for its first record-high close since January 2022.
While the traditional S&P 500 (^GSPC) is market-cap weighted, meaning a few large stocks have an outsized impact on the index’s performance, the equal-weight index values all 500 stocks in the index equally.
As Goldman Sachs equity strategy team highlighted in Yahoo Finance’s Charbook back in January, this led to outsized…
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