Tech sector is now 20% of the S&P 500 index

For the first time since the tech bubble popped back in 2000, technology companies represent now a 20 percent weighting in the Standard & Poor's 500 index. The peak was 34% in March 2000, before the krash. Since the current sector classification was introduced by S&P in 1989, only the financial and tech sectors have ever reached a 20 percent index weighting.

It also helps that the five highest-weighted tech stocks are all up double-digits since the S&P 500’s 52-week high. Notably, those five names make up 10 percent of the S&P 500 (or half of the tech sector’s 20 percent weighting):

The S&P 500 tech sector has been down just four times this year and is currently leading the gains in 2012, up 12 percent, followed by financials, up 11 percent.

Source: CNBC

Louis Rhéaume
Infocom Intelligence
louis@infocomintelligence.com
Twitter: @InfocomAnalysis