Standard & Poor's Equal Weight Index heads for rare weekly decline
The Standard & Poor's 500 Equal Weight Index is approaching its seventh consecutive weekly loss, a rare occurrence in its history, having happened only twice before—in 2002 and 2022—during periods of market crises. Typically, technology and communication services sectors, which experienced a rally in September, are declining, while the financial sector is suffering nearly a 7% drop, with the bank index entering a sharp correction after reaching a peak in August. Still, the main U.S. indices have remained stable, thanks to the balanced movement of stocks and their relative immunity from pressures, even as stocks in traditional sectors continue to decline.
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