Tech and telecom sectors now comprise nearly half of S&P 500, Mario Nawfal notes

Traders Union
All News
Market Voices
TMT sectors drive S&P 500 concentration

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

20.07.2026

Tech and telecom sectors now comprise nearly half of S&P 500, Mario Nawfal notes — TMT sectors drive S&P 500 concentration

Mario Nawfal, founder & CEO at IBC Group, points to an unprecedented surge in the concentration of technology, media, and telecom (TMT) sectors within the S&P 500 index.

According to Nawfal, tech stocks are showing trends not observed since the dot-com era of the late 1990s and early 2000s, with TMT sectors now commanding nearly half of the benchmark index—about 9 percentage points higher than previous peaks.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Earlier, Nawfal highlighted that the top 10 mega-cap stocks had held a record 43% share of S&P 500 index value for 12 consecutive months, according to a recent analysis. In a separate update, he discussed Elon Musk’s launch of SpaceX’s STARMIND AI satellite network involving one million satellites. These posts reflect Nawfal’s ongoing focus on market concentration and technology developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

Global fintech in 2026: Three trends that matter

By Pavlo Kot
15 hours ago

Global fintech in 2026: Three trends that matter

Editors' Picks

From Jesus Christ to aliens: Polymarket's most absurd prediction markets

By Pavlo Kot
Yesterday

From Jesus Christ to aliens: Polymarket's most absurd prediction markets

Editors' Picks

Hunting crypto owners: Why criminals have gone offline

By Andrey Mastykin
Yesterday

Hunting crypto owners: Why criminals have gone offline

Editors' Picks

All Editors' Top Picks

Latest Mario Nawfal News

Mario Nawfal: Oil drops 7% as U.S. and Iran halt strikes

By Dmytro Kharkov
1 hour ago

Mario Nawfal: Oil drops 7% as U.S. and Iran halt strikes

Market Voices

Kuwait Petroleum cuts $16 billion pipeline deal, Mario Nawfal notes

By Olga Shendetskaya
Yesterday

Kuwait Petroleum cuts $16 billion pipeline deal, Mario Nawfal notes

Market Voices

Mario Nawfal: Norway gas and oil profit surges 77 percent as Equinor charges higher prices

By Hlib Chabaniuk
25.07.2026

Mario Nawfal: Norway gas and oil profit surges 77 percent as Equinor charges higher prices

Market Voices

All Mario Nawfal News

Pavlo Kot
15 hours ago

Global fintech in 2026: Three trends that matter

Pavlo Kot
Yesterday

From Jesus Christ to aliens: Polymarket's most absurd prediction markets

Andrey Mastykin
Yesterday

Hunting crypto owners: Why criminals have gone offline

Eugene Komchuk
24.07.2026

BitMEX is shutting down: Why Trump could not save the exchange

Anastasiia Chabaniuk
24.07.2026

Do governments need crypto workers?

Elena Nikulina
9 min ago

Brian Shannon: Stock market and Bitcoin technical analysis for July 24, 2026

Ashutosh Sureka
19 min ago

Axel Merk: Vendor financing concept referenced in context

Jose Antonio Gastelum
29 min ago

Stacy Herbert: Bitcoin Histórico event in El Salvador to include top passport ranking

Daria Chernytska
38 min ago

Anndy Lian: Exchange shutdown raises refund questions for $30,000 listing fees

Hlib Chabaniuk
43 min ago

Amit Kukreja: Nvidia in talks for $250 billion financing for OpenAI Ohio datacenter project

Weekly Top Bonuses

Capitalcore

up to $2,500
deposit bonus for all clients

Your capital is at risk.

Top News

Pavlo Kot
15 hours ago

Global fintech in 2026: Three trends that matter

Global fintech in 2026: Three trends that matter

Pavlo Kot
Yesterday

From Jesus Christ to aliens: Polymarket's most absurd prediction markets

From Jesus Christ to aliens: Polymarket's most absurd prediction markets

Hanna Syniavska
24.07.2026

Inflation and oil prices widen split over Fed policy

Inflation and oil prices widen split over Fed policy

Olga Shendetskaya
24.07.2026

U.S. stock futures rise while investors weigh trade and AI risks

U.S. stock futures rise while investors weigh trade and AI risks

Eugene Komchuk
24.07.2026

Former mining giant Poolin files for bankruptcy

Former mining giant Poolin files for bankruptcy

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

Microsoft steadies after selloff as AI fundamentals remain intact

Anton Kharitonov
Now

Apple outperforms broader market as investors seek quality amid volatility

Anton Kharitonov
Now

Bitcoin breaks key support as broad selloff accelerates

Mykhailo Ihnatenko
Now

Tesla stock risks drop to $300 as earnings selloff deepens

Mykhailo Ihnatenko
Now

IBM stock shows first recovery signs after holding $200

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.