Nasdaq is poised to underperform S&P 500 for first time since 2016 as investors shun tech stocks

📆 28-12-21 18:03:00
📰 CNBC

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As of Monday's close, the Nasdaq was up 23% for the year, while the S&P 500 had gained 28%. The last time the S&P 500 topped the Nasdaq was 2016.

, which has climbed 28%, through Monday. The last two times the S&P 500 topped the Nasdaq occurred in 2016 and 2011.

Tech stocks have four days left to make up that difference, but the last week of the year doesn't tend to bring much news that would spur an outsized rally. Indexes wereThe Nasdaq started 2021 strong, picking up where it left off in 2020, almost doubling up the S&P 500's gains by mid-February. Then trading tailed off with the arrival of the first Covid-19 vaccines, which raised hopes among investors that the U.S.

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