Consumer sectors hit record low of 13% in S&P 500 market cap as tech dominance reshapes the index
The S&P 500 is slowly turning into a tech index wearing a trenchcoat. Consumer Discretionary and Consumer Staples, once pillars of the benchmark, now account for roughly 13.9% of total market capitalization, their lowest combined weight since the 1990s.
That figure deserves some context. As of mid-2026, Consumer Discretionary sits at about 9.3% and Consumer Staples at approximately 4.6%,