The stock market is rising without the support of Big Tech. How sustainable is this trend?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
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Should l Buy DJIA?
Source: MarketWatch
Market Shift: In August, cyclicals, small caps, and the Dow have gained momentum, marking a shift from the dominance of megacap technology stocks.
Sector Performance: The materials sector of the S&P 500 has emerged as a leading performer, increasing by 5.6% this month, while the overall index has risen 2.2%.
Consumer Discretionary Gains: The consumer discretionary sector has also shown strong performance, up 4.3%, alongside a 2.6% increase in the financial sector.
Tech Sector Lagging: In contrast, the information technology sector has lagged behind with only a 1.3% gain in August, according to FactSet data.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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