Stock-market laggards like small-caps and industrial shares surged in August, an encouraging sign that the market’s breadth is widening after months of dominance by big technology companies. The S&P 500 is flirting with record levels, up 4.4% this year, driven largely by outsize gains in megacap tech stocks like Amazon.com Inc. and Apple Inc. Shares of both companies have climbed more than 50% in 2020.

Source: Wall Street Journal August 16, 2020 15:56 UTC