When we look across the broad market indexes in the US, there are 4 horsemen leading the charge: Dow Jones Industrial Average (DIA), The S&P 500 (SPY), the Nasdaq 100 (QQQ), and the Russell 2000 (IWM). However, one of these is vastly different from the rest, and it looks to be painting a negative picture for the markets going forward. Let’s begin by breaking down the differentiation with the indexes.
Finra, the financial industry regulator, segments companies by market capitalization. The breakdown is as follows:
