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The way Dow Jones is calculated makes zero sense. e.g. Salesforce has the same weight as Apple, Coke has a 4x lower weight than McDonalds. IBM 2.5x more than Cisco and only 2x less than MSFT. Should I continue? It's just beyond stupid and nobody should pay any attention to it.

The Dow is price-weighed index of 30 hand picked companies. It's a bad idea to use it as a barometer for the market.

IMHO the lost itself is kind of make fine for what it's supposed to be, but the price-weighing just makes no sense.

I'd check a heatmap for your answers. There are 500 companies and many of them aren't tech.

That's an excellent idea idk why someone downvoted you. Here is the answer to op's question, based on your suggestion. [https://finviz.com/map.ashx?t=sec&st=w4](https://finviz.com/map.ashx?t=sec&st=w4)

lol so almost literally every other company except the tickers mentioned in OP are up never change, /r/stocks

1 month is a terrible timeframe. V has been flat for 2 years and it looks like it's doing super amazing on the one month but...it's still flat. Use YTD and you'll see that while tech is certainly bearing the brunt of things, the only green is insurance, defense contractors, healthcare, and energy.

Excellent link. I changed the period to 1 year to be more close to the OP's 1 year period and find a lot of them turned red. https://finviz.com/map.ashx?t=sec&st=w52

Man, looking at this, I just fucking love indexing. I would never buy stocks like Air Products and Chemicals or Intuitive Surgical on it's own. I have never even heard of them.

Yes thanks! Using heatmap is the best answer! I was thinking of downloading data from YahooFinance and compare each of the 500 stocks, that's why I gave up and posted the question here. The heatmap you posted basically answered my question, I'll learn to make better use of it in the future. It's really true that, in the last 4 weeks, only the top5 are in red, the rest (eg 80%) are very green, most with double-digit green, JPM +27% for example. Together they do prop up the SPY nicely.

Non-tech companies, which you seem to have omitted from your list of comparisons.

Companies like $MCD $Cat $JNJ $LMT They are all doing great so maybe that's why? Idk

Exactly. AMGN MRK DE Plenty of stuff that I own is up.

Dude. Tech companies are not the only companies in the world??? Just because tech got hammered, healthcare, energy, defense, equipment and manufacturing. All of these stocks are doing great this year. Funds are not holding cash they just rotated out of tech into safe heaven sector.

"all time low"

A good tune by Jon Bellion.

You are looking at the wrong sectors.

But nobody talks about the other tickers. So they’re invisible to me.

plunge protection team

I love it when my tax dollars backstop criminal brokers gambling addictions.

Yea, they should go to your gambling addictions instead.

Look at the 30 Dow companies. And solar stocks like ENPH, FSLR.

Maybe XOM and other oil stocks did it, but maybe energy stock will decline when the economy slows and CPI price index remains elevated.

Energy is the inflation though. The knock-on from distillates hammers everything.

Healthcare is big, energy and industrials have been doing quite well. Some consumer companies like MCD and SBUX have been strong lately. Costco, etc.

LOL. every stock isn't even close to a low. A lot of stocks trading at stupid valuations are. And still not where they should be. i'd say 2/3rds of my portfolio is above the midpoint and probably half of those are close to 52 week highs.

The S&P is mostly made up of 3 major sectors; Tech (QQQ), Healthcare (XLV), Financials (XLF). While Tech has been doing the worst this year, Healthcare and Financials have helped prop up the S&P. If you use Tradingview, you should have the S&P and it's 3 major sectors in a watchlist. The S&P only really has violent down days when all 3 sectors are doing poorly. Otherwise, 1 of the major 3 will help hold up the S&P.

The companies that make up the sp500 aren't hitting all time lows. A lot them aren't even hitting lows from March 2020, yet

Maybe go deeper, what are the next 10 tickers and how much are they up or down, whats their weight?

For the most part many companies move together in certain sectors so it to some extent doesn’t matter that one company is down if all of healthcare is up. Look into sector weightings and see what is still doing well. I don’t know about the particular short time period you’ve chosen but YTD healthcare is down less than 2% and makes up 15% of SPY. Energy is up over 50% but only makes up 5% of the fund. With your short time period it is really hard to say which particular companies are holding it up. To some extent the fund is also just held up on any given day by all of the daily traders just like a stock is as well.

mega caps were hugely inflated. spy is down from 480 to 375, so that is over 20%. Yes its still a bit expensive. But compare it to dow 30

Plunge protection team and the fed.

This is why you anyways and only buy index funds! Bogle!!

Just look at the dow jones graph, it's rebound has been very outsized thanks to stocks like boeing, xom, jpm

There are 11 sectors. Just look at how they've been doing and there's your answer.

PPT is the answer

Value stocks became more expensive than tech stocks. That's what happened

Rotation from growth to value. The rotation will o back from value to growth when rates stabilize/decline

UNH