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Megacap stocks are dominating index returns this year

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Megacaps have been dominating this year. Yahoo Finance Markets Reporter Jared Blikre breaks down the charts to show how the trends have shifted from before the pandemic. 

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US factory booms strengthen MUFG's dominance in project financeA U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is helping Mitsubishi UFJ Financial Group (MUFG) to shore up its dominance in project finance, a senior executive at the top Japanese lender said. MUFG ranked No. 1 in U.S. project finance loans for 13 straight years, as it took advantage to bridge the gap created by the 2008 global financial crisis that forced U.S. and European rivals to cut risk-weighted assets on their balance sheets. The bank's experience through tough times and retained capabilities have put it in a strong position to benefit from a recent surge in project finance deals, Fumitaka Nakahama, the chief of MUFG's global corporate and investment banking, told Reuters.
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