It was another great week for the average stock as market leadership shifts away from tech


Investors aren’t bailing on the stock market, despite an ugly selloff in technology names this week that helped to saddle the S&P 500 with its worst weekly showing in months.

The S&P 500

SPX lost almost 2% even as the majority of the index’s stocks actually advanced on the week. Seventy percent of stocks in the index posted weekly gains while 30% fell, according to Dow Jones Market Data. That helped the equal-weighted version of the index XX:SP500EW cement a second-straight week in the green. When the dust had settled, the S&P 500 had cemented its worst weekly showing since June, Dow Jones Market Data showed.



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