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Nearly half of S&P 500 stocks are moving opposite the index amid narrow leadership

About 45% of S&P 500 constituents show a negative three-month beta, highlighting unusually narrow market leadership and deep divergences beneath headline gains, according to Goldman Sachs and CNBC.

CNBC Markets·Sep 28, 2026, 5:53 PM·2 min read✓ Verified

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Nearly half of S&P 500 stocks are moving opposite the index amid narrow leadership
Photo: CNBC Markets

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