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S&P Equal Weight Index Faces Weekly Drop
The Standard & Poor's 500 Equal Weight Index is approaching its seventh consecutive weekly decline, a rare occurrence historically seen only in 2002 and 2022 during the Internet bubble and market crashes. Most sectors have fallen, particularly the financial sector, which recorded the lowest performance with a decline of nearly 7%. Meanwhile, the Information Technology and Communication Services sectors continued to hold steady. The major U.S. indices maintained their stability thanks to a balanced performance across sectors, despite a decline in traditional stocks. If the decline persists, this will be only the third time in the index's history to see three consecutive losing sessions.
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