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Nasdaq is poised to underperform S&P 500 for first time since 2016 as investors shun tech stocks


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For the first time in five years, tech investors aren’t the life of the Wall Street party.

As 2021 winds down, the tech-heavy Nasdaq Composite is up 23% for the year, trailing the S&P 500, which has climbed 28%, through Monday. The last two times the S&P 500 topped the Nasdaq occurred in 2016 and 2011.

 

Tech stocks have four days left to make up that difference, but the last week of the year doesn’t tend to bring much news that would spur an outsized rally. Indexes were up across the board on Monday, with the S&P 500 climbing to a record. Full article CNBC

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