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 index outperformed the Nasdaq-100 in July as technology stocks declined. The Nasdaq-100, which is heavily weighted toward large tech companies, fell during the month while the broader equal-weighted index gained. The performance gap reflects weakness in semiconductor and artificial intelligence-related stocks during the period.

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