The S&P 500 reached a new record high this week, crossing the 6,900 milestone for the first time ever. However, the index experienced its largest daily loss in three weeks on Friday, ultimately leading to a weekly loss of 0.6%.
The 8 "big and rich" tech stocks ARE the stock market (37% of the S&P 500), but indexation reduces long-term stock-picking value. My technical analysis of these is thus for shorter-term, tactical trading, viewing the giants as too overvalued for long-term holding.
Wall Street stocks are expected to remain mostly becalmed when Wednesday trading begins, as investors keep their powder dry before the Federal Reserve decision at 2pm ET. US stock futures were slightly in the red, with the Dow Jones and S&P 500 seen falling around 0.1%, while futures for the more tech-heavy Nasdaq were down 0.25%.
Between now and the next major U.S. option expiry next week, there are a trifecta of hugely significant evets — and the way certain investors are positioned, a gap lower could trigger even more selling.
U.S. will let Nvidia sell H200 chip sales to China
Fresh of the announcement of three forthcoming S&P 500 entrants, the index committee is back with one more.
Oppenheimer says the S&P 500 will push ahead in 2026, boosted by the economy and corporate profits that are likely to keep holding up.
The S&P 500 came off its best week since May with another solid performance. The index closed the week out on a four day win streak, putting it within inches of a new record high.
Market Domination Overtime anchor Josh Lipton breaks down the latest market moves for December 5, 2025. Deutsche Bank director of global asset allocation and US equity strategy Parag Thatte tells Josh about Deutsche Bank's call for the S&P 500 to hit 8,000 next year.
We expect a slight (50-75p) pullback before the next leg higher kicks in, ideally to 7000+, possibly as high as 7120. Then the chances for a prolonged multi-month correction to 5400-6200 increase again.
Regardless of whether you're an everyday investor or experienced advisor, the rebalancing of the S&P 500 is always worth keeping a close eye on. Later today, after the market closes, we'll learn what companies will be added and removed to the S&P 500 later this month.
Marvell and Carvana are intriguing candidates, but the index committee could opt for some smaller names if it chooses to announce changes Friday afternoon on its quarterly cadence.