Another two U.S. equity indexes are poised to reach record territory for the first time in more than two years, indicating that more U.S.-listed stocks are joining a rally that has been criticized for its dependence on Big Tech. The S&P 400 MidCap Index
MID
is poised to close in record territory on Monday for the first time since Nov. 16, 2021. Meanwhile, the Invesco S&P 500 Equal Weight exchange-traded fund
RSP,
which tracks the S&P 500 Equal-Weighted Index, also appears headed for its first record close since Jan. 4, 2022, according to Dow Jones Market Data. The equal-weighted index itself was still a few points shy of record territory as of midday on Monday.
See: more stocks are joining the market’s rally — even as Big Tech still gets the most attention These indexes’ rise to record highs represents the culmination of what has been a long, slow slog higher for equity indexes besides the S&P 500
SPX,
Nasdaq-100
NDX
and Dow Jones Industrial Average
DJIA,
market strategists said. Along with the Dow, indexes that didn’t have as much exposure to the leading stocks were left in the dust last year as a handful of the most valuable S&P 500 issues — including members of the group of tech stocks known as the Magnificent Seven, along with Berkshire Hathaway Inc.
BRK.B,
-0.76%,
…
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MID
is poised to close in record territory on Monday for the first time since Nov. 16, 2021. Meanwhile, the Invesco S&P 500 Equal Weight exchange-traded fund
RSP,
which tracks the S&P 500 Equal-Weighted Index, also appears headed for its first record close since Jan. 4, 2022, according to Dow Jones Market Data. The equal-weighted index itself was still a few points shy of record territory as of midday on Monday.
See: more stocks are joining the market’s rally — even as Big Tech still gets the most attention These indexes’ rise to record highs represents the culmination of what has been a long, slow slog higher for equity indexes besides the S&P 500
SPX,
Nasdaq-100
NDX
and Dow Jones Industrial Average
DJIA,
market strategists said. Along with the Dow, indexes that didn’t have as much exposure to the leading stocks were left in the dust last year as a handful of the most valuable S&P 500 issues — including members of the group of tech stocks known as the Magnificent Seven, along with Berkshire Hathaway Inc.
BRK.B,
-0.76%,
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