Nearly half the stocks in the S&P 500 are at cross purposes with the rest of the market

Nearly half the stocks in the S&P 500 are at cross purposes with the rest of the market

Almost half of the stocks in the S&P 500 have a negative beta, evidence of a chasm between the entire index and its individual components.

STOCK MARKET: Nearly half the S&P 500 are at cross purposes with the rest of the market

U.S. oil drilling site. David McNew | Getty Images Nearly half of the stocks in the S&P 500 are moving against the index with a negative beta, an unusual divergence that is becoming increasingly difficult to ignore. About 45% of S&P 500 stocks have a negative three-month beta, according to a recent note from Goldman Sachs. The data closely aligns with CNBC’s finding that nearly 40% of S&P 500 stocks had a negative three-month beta versus the ind…

Nearly Half of S&P 500 Stocks Moved Against the Index in Three-Month Measure

About 45% of constituents showed negative three-month beta as mega-cap technology companies and AI infrastructure beneficiaries helped drive benchmark gains.