A closer look at the performance of different stock-market indexes

  • S&P 500 is trading in record territory
  • Other stock-market indexes are in the doldrums
  • Value Line Geometric Index is 17% below its record highs
  • Performance gap between indexes highlights concentration in large-cap stocks
  • Russell 2000 is trading 20% below its record closing high
  • S&P 500 growth index outperforms S&P 500 value index

The S&P 500 is on track to log its fifth consecutive record close, but other stock-market indexes are not faring as well. The Value Line Geometric Index is trading 17% below its record highs, indicating the concentration of large-cap stocks in driving the S&P 500’s performance. The Russell 2000, which represents small-cap stocks, is trading 20% below its record closing high. Additionally, the S&P 500 growth index has outperformed the S&P 500 value index, showing the dominance of high-quality value stocks in the tech space. While the S&P 500 continues to rise, these disparities highlight the mixed performance of different sectors in the market.

Public Companies: Value Line Geometric Index (VALUG), S&P 500 (SPX), Russell 2000 (RUT), Wilshire 5000 (XX:W5000FLT)
Private Companies:
Key People: Steve Sosnick (Chief Market Strategist at Interactive Brokers)

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Factuality Level: 7
Justification: The article provides data from FactSet to support its claims about the performance of different stock market indexes. However, it does not provide a comprehensive analysis of the factors driving the performance of these indexes, and it does not consider other potential explanations for the observed disparities. The article also includes some opinion from market strategists, which may introduce bias.

Noise Level: 3
Justification: The article provides relevant information about the performance of different stock market indexes and offers insights into the dominance of large-cap stocks. It includes data from FactSet to support its claims. However, it lacks in-depth analysis and actionable insights for investors.

Financial Relevance: Yes
Financial Markets Impacted: The article provides information about the performance of different stock market indexes, including the S&P 500, the Value Line Geometric Index, the Russell 2000, and the Wilshire 5000. It highlights the discrepancy between these indexes and offers insights into the dominance of large-cap stocks and the performance of small-cap stocks.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article focuses on the performance of stock market indexes and does not mention any extreme events or their impacts.

Reported publicly: www.marketwatch.com