Nvidia falls for third day, S&P 500 follows: Market Takeaway

) sank for its third session in a row, losing over 6% for the day. With Nvidia and other tech giants, holding much of the weight of the S&P, what does this mean for the future of the index?Nvidia's continued slide, dragging on the NASDAQ to start the final trading week of June and the final trading week of the quarter.By the way, Yahoo Finance's Josh Schafer is joining us now with more on the trading day takeaways.

Uh Blackrock had an interesting note out today, sort of highlighting a chart that we've seen quite a bit over the last year, but sort of how tech has had an outsized per performance drag up the S and P 500.So if you took tech out, you wouldn't have a lot of the gains over the last year. I mean, it's, it is interesting, NVIDIA come under pressure like this, but it's not like the market falls apart.When you look at sort of the rest of the sectors and what was to upper form, you look at something like the equal weight index for the S and P 500.But I do think it is a reminder of though Josh is with how big the big tech stocks are.If you don't have the mega caps helping you out.

Remember when we were talking about the broadening and seemed like everyone that came on the show talking about the broadening that we're gonna see in 2024. If you, if some of those, because then you get cuts because then you get cuts and some of the other groups if, if you take away, I don't know, there are groups that perform better from a defensive posture that haven't necessarily participated.But that would be sort of one of the players you're mentioning, I think right to that extent would be maybe OK, things are slowing down.

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