S&P 500's Top 2026 Winners Slide 1.6% as Rotation Lifts 56% of Stocks
Updated
Updated · Yahoo Finance · Aug 24
S&P 500's Top 2026 Winners Slide 1.6% as Rotation Lifts 56% of Stocks
3 articles · Updated · Yahoo Finance · Aug 24
Summary
Nineteen of the 20 biggest S&P 500 gainers of 2026 fell Monday, dragging the top-performing 10% of stocks down 1.6% on average and the top 20 down 2.7%.
Technology led the retreat as chip weakness deepened: Sandisk dropped more than 7%, while Micron and Western Digital each lost more than 5% after entering the session with triple-digit yearly gains.
About 56% of S&P 500 stocks still rose even as the index dipped, showing selling in former leaders had not spread across the broader market.
Financials, consumer staples and communication services each gained more than 1%, and XLF climbed to within $0.03 of a record intraday high as money rotated out of tech.
Fundstrat's Mark Newton said the shift has been building for months, with healthcare, industrials and financials taking turns leading while parts of tech pull back.