Tech's 15.85% average drop is masking a healthier Russell 1,000
As seen on the 24/7 Wall St. homepage on November 9, 2026.
Index returns are flat because one sector is doing all the damage: the average tech name is down nearly 16% in a month.
The average Russell 1,000 stock is actually up 0.76% over the last month. Tech, which makes up more than 35% of the index, has seen its average stock fall 15.85%, however. https://t.co/T6OQgloWTT
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Bespoke Investment Group flagged a striking divergence on November 9: the average Russell 1,000 stock is actually up 0.76% over the past month, a figure that looks almost serene against the broader market anxiety of recent weeks.
The calm surface hides a severe undercurrent: technology stocks, more than a third of the Russell 1,000's weight, have seen their average name fall 15.85% over the same period. That single sector is dragging index-level returns nearly flat on its own.
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Headline index performance is understating real pain in the market's largest and most influential sector. A portfolio tilted toward tech is experiencing something meaningfully different from what the broad Russell 1,000 return suggests.
The question is whether the selloff in tech names stays contained or begins to pressure the rest of the index as the month progresses. With tech at more than a third of the index by weight, further deterioration there makes the modest gain across other stocks harder to sustain.