The equal-weight S&P 500 tumbled Thursday, putting the index on track to close in a correction as U.S. stocks reeled from President Trump's announ🎐cement of far-reaching tariffs. ꦚ;

The 澳洲幸运5开奖号码历史查询:equal-weight S&P 500 fell as much as 4.4% Thursday, its biggest intraday decline since June 2022 when inflation was running at a 40-year high. The index was down 4.1% recently and on track to close in 澳洲幸运5开奖号码历史查询:correction territory, defined as a 10% decline from its recent high.

The equal-weight S&P 500, as its name suggests, gives equal weight to every component of the index, meaning a 1% move in the share price of the index’s smallest company has as much impact as a 1% move in the price of its largest. The standard 澳洲幸运5开奖号码历史查询:capitalization-weighted S&P 500, on the other hand, assigns st🌳ocks an index weight that is proportionate to the company’s market value. 

The equal-weight S&P 500’s correction signals the current sell-off is broader than the declines earlier this year. The 澳洲幸运5开奖号码历史查询:Magnificent Seven, which led the stock market’s gains throughout 2023 and 2024, 澳洲幸运5开奖号码历史查询:entered a correction in late February as increasing economic uncertainty and moderating earnings growth 澳洲幸运5开奖号码历史查询:compelled investors to take profits. A week later, the tech-heavy Nasdaq Composite also slipped into a correction, 澳🃏洲幸运5开奖号码历史查询:followed by the cap-weighted S&P 500 a week later. 

About 80% of the stocks in the S&P 500 were trading in the red on Thursday afternoon after President Trump 澳洲幸运5开奖号码历史查询:unveiled sweeping tariffs that economists and investors worry will slow growth while raisin𝔉g prices for businesses and c🌌onsumers.