The four best-performing stocks in the S & P 500 year to date were down an average of 13.5% last week.
.SPX 5D mountain The S & P 500's performance in the past five trading days.
The anchoring effect of a persistently strong half-dozen $1-trillion to $3-trillion companies atop the S & P 500 while most stocks wallowed had the effect of suppressing index volatility.
The S & P 500 is now about 3% off its record, and the Nasdaq 100 is in a roughly 5% retreat from its high.
History says when the S & P 500 has been up more than 10% in the first half of a year , as in 2024, it has gone to further highs by year's end nearly every time.
Persons:
Russell, Donald Trump, Cash, Parag Thatte, Thatte, Goldman Sachs, wallowed, Cantor Fitzgerald
Organizations:
Axonic Capital, Deutsche Bank, Nasdaq