As stock-market rally broadens, it’s tough for the S&P 500 to keep advancing without tech

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The recent broadening of gains across the U.S. stock market is a positive sign heading into 2026 — but it may be tough for the S&P 500 to rally without help from its technology sector. 

Bespoke Investment Group analyzed the performance of the S&P 500

SPX and its 11 sectors from Oct. 8 through Dec. 18 in the chart below, which shows just how crucial tech is to the index amid the closely watched artificial-intelligence boom.

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