The S&P 500 and Dow Are on Track to Beat the Nasdaq for the First Time Since 2022. Here's What That Means for Investors.
The tech-driven Nasdaq is selling off amid shifting investor sentiment toward artificial intelligence (AI) spending.
Overview
In 2023, 2024, and 2025, the Nasdaq Composite (NASDAQINDEX: ^IXIC) outperformed the S&P 500 (SNPINDEX: ^GSPC), and both indexes outperformed the Dow Jones Industrial Average (DJINDICES: ^DJI). And until recently, the Nasdaq was outpacing the S&P 500 and Dow yet again in 2026.
But a sell-off in tech stocks has pushed the Nasdaq's year-to-date total return (capital gains plus dividends) to 7.8%, underperforming the S&P 500's 9% total return and the Dow's 9.1%.
Details
Here's what you need to know about what's driving the Nasdaq's underperformance, and how it could be affecting your investment portfolio.
Source
Originally published at www.fool.com.