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The US tech sector has never been BIGGER:
Technology stocks now account for more than 50% of the S&P 500's total market capitalization, exceeding all other sectors COMBINED. $XLK
This puts the sector's total market value above $34 TRILLION.
By comparison, the next-largest sectors, Financials and Health Care, account for approximately 14% and 12%, respectively.
To put this into perspective, before the 2000 Dot-Com Bubble burst, technology represented ~26% of the US equity market.
Technology's dominance over the US equity market is unprecedented.