Investors sell tech stocks at a record pace in July

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As of July 30, 2026, the equal-weighted Nasdaq 100 index underperformed the S&P 500 by 6.8 percentage points this month, marking its worst relative performance on record. Previously, tech stocks had outperformed for four consecutive months. The S&P 500 rose 2.2%, while the Nasdaq 100 fell 4.6%, nearing its May low. Traders are exiting tech assets at a record pace, shifting toward value investing in crypto and using technical analysis for crypto to identify new opportunities.

BlockBeats news, as of July 30, year-to-date in July, the equal-weighted Nasdaq 100 Index has underperformed the equal-weighted S&P 500 Index by 6.8 percentage points, marking its worst monthly relative performance on record.


Previously, equally weighted tech stocks have outperformed the broader market for four consecutive months. Over the past 20 years, tech stocks have never underperformed the S&P 500 average by more than 5 percentage points.


Meanwhile, the equal-weight S&P 500 Index has risen 2.2% year-to-date this month, reaching a historical high, while the equal-weight Nasdaq 100 Index has declined 4.6%, nearing its lowest level since mid-May. Investors are taking profits from tech stocks at a record pace. (Jin10)

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