S&P 500 ends lower as inflation data buoys optimism
* July PCE data in line with expectations ...
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* July PCE data in line with expectations ...
By Shristi Achar A and Noel Randewich
Microsoft: An equal-weighted version of an index assigns uniform weight to each constituent regardless of its size, unlike market capitalization-based indexes where bigger companies tend to have an outsized influence.
Equal-weighted exchange-traded funds have attracted record investments in recent months as signs of an improving U.S. economy and towering valuations of megacaps push investors to look for bargains...
Signs of an improving U.S. economy and towering valuations of megacaps have prompted a search for bargains