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Market Shifts: Non-Tech Stocks Drive Bullish Trend

1/15/2026

41 6 Full Breakdown

Summary

Story summary

The S&P 500 fell 0.19%.
The equal-weighted S&P 500 rose slightly.
Alphabet Inc. and Amazon.com, Inc. were the only Magnificent Seven components in positive territory year-to-date.
The Magnificent Seven averaged a 1.7% decline and still account for over 35% of the S&P 500's value.
Analysts say a rotation toward non-tech and value stocks signals a broadening of the bull market.

History

Historical Context

The dot-com bubble peaked on March 10, 2000, when the NASDAQ Composite reached 5,048.62, fueled by rampant speculation and venture capital investments. However, by October 2002, it had plummeted nearly 78%, erasing $5 trillion in market value. This crash reshaped investment strategies, leading to a shift toward non-tech stocks, echoing patterns seen in previous market recoveries.

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Story summary

The S&P 500 fell 0.19%.
The equal-weighted S&P 500 rose slightly.
Alphabet Inc. and Amazon.com, Inc. were the only Magnificent Seven components in positive territory year-to-date.
The Magnificent Seven averaged a 1.7% decline and still account for over 35% of the S&P 500's value.
Analysts say a rotation toward non-tech and value stocks signals a broadening of the bull market.

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