Technology Stocks Reclaim 20% of the S&P 500 Weighting
The S&P Tech sector is showing another shade of its glory days. For the first time since the tech bubble popped back in 2000, technology companies have reclaimed a hefty 20 percent weighting in the Standard & Poor's 500 index.
Although that's a far cry from the record 34 percent weighting at the pinnacle of the tech boom in March 2000, the 20 percent threshold is nothing to sneeze at.
Indeed, even the energy sector failed to hit that threshold when it hit its all-time high back in 2008, with a weighting of 16 percent. » Read More