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The U.S. large cap technology sector, represented by the XLK ETF, trailed the S&P 500 by 12.7 points over the past 100 trading days, which is the largest such underperformance since at least 2010 according to DataTrekMB. Gunjan Banerji reported this comparison in a recent post.
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Banerji has previously reported on major moves in U.S. equities, noting a 2.6 percent decline for the Nasdaq Composite in its second worst session of the year. She has also observed historical performance patterns, highlighting that the S&P 500 typically gains in fourth quarters during midterm election years. The new XLK data adds to Banerji’s recent tracking of significant trends across stock indexes.