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The Right Coast
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Stock Market Is Top-Heavy, but Carnage Is Widespread – WSJ

By Thomas A. Smith

Eight companies are to blame for nearly half the stock market s decline this year and the pain doesn t end there.

Apple Inc., Microsoft Corp. , Amazon. com Inc., Tesla Inc. and the parent companies of Google and Facebook swelled to be so big in recent years that they accounted for 25% of the S&P 500 heading into 2022. The benchmark U.S. stock index is weighted by market value, which means the biggest companies have the most influence.

via www.wsj.com