Equal-Weighted S&P 500 Tops Cap-Weighted Index by 0.7 Point as Rally Broadens Beyond AI
Updated
Updated · CNBC · Jun 17
Equal-Weighted S&P 500 Tops Cap-Weighted Index by 0.7 Point as Rally Broadens Beyond AI
3 articles · Updated · CNBC · Jun 17
Summary
The equal-weighted S&P 500 has risen 10.4% this year through Tuesday, ahead of the standard cap-weighted index’s 9.7% gain and putting it on track for its first annual outperformance since 2022.
Citigroup said easing U.S.-Iran tensions are helping lift a wider set of stocks, while Wells Fargo expects an “everything rally” as cyclical shares stage a catch-up move.
UBS pointed investors toward areas outside AI leaders, especially healthcare, where the S&P 500 sector is down more than 1% this year despite improving earnings revisions.
Amgen, up 6.3% year to date, was among UBS’s picks alongside Eli Lilly and Cardinal Health; beaten-down software also drew interest, with IGV still down 13% this year but up more than 14% in the second quarter.