The market’s weak breadth is starting to catch up to it. Stocks fell Tuesday , as a pullback in artificial intelligence names weighed on the major averages. As of midday trading, the Dow Jones Industrial Average fell as much as 459.62 points before cutting those losses. The S & P 500 dropped 0.7%, while the Nasdaq Composite slid 1.7%. Palantir tumbled more than 7%. A possible harbinger for this slump may have been the lack of stocks moving higher. On Monday, for example, the S & P 500 ended the trading session higher, even though more than 300 of its constituents closed in negative territory. That reliance on just a handful of tech names has more investors nervous a correction could be near, if the big AI names fail to sustain their leadership or run out of momentum. “Some clients have flagged that the narrow breadth despite improving earnings from SPX493 points to increased fears and/or overvaluation,” read a Tuesday note from JPMorgan’s trading desk with the subtitle “Narrow Breadth Triggers Rotation away from U.S. Equities.” “This could trigger a flight to safety (Rates / Credit) and / or to international options especially if the USD resumes its decline,” the note continued. Here are some signs of narrowing market breadth: A comparison of the market cap weighted S & P 500 (SPY) , versus the equal-weighted index (RSP) , shows breadth is at its lowest going back to 2003. In October, the number of declining S & P 500 stocks outnumbered advancing ones during October. Indeed, more firms are calling for vigilance. Craig Johnson, chief market technician at Piper Sandler, noted that the firm’s proprietary breadth indicators are pointing to “the potential for a sharp pullback or correction.” “Investors should be cautious chasing extended upside in this concentrated rally,” he wrote, adding, “Reduce exposure to underperforming sectors and to those breaking key support levels. Be vigilant with large-cap tech stocks as a consolidation phase appears likely.”
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America’s Most Reliable Companies 2026 were identified through a comprehensive independent survey of more than 1,700 U.S. participants, evaluating businesses on five key metrics: likelihood of recommendation, ease of doing business, value for money, consistency of deliverables and reputation for dependability.
“At Johnson Controls, we take pride in being a trusted partner to our customers, helping them grow their businesses in complex, mission-critical environments,” said Todd Grabowski, President, Americas at Johnson Controls. “Being named one of America’s Most Reliable Companies is a testament to how our teams put the customer at the center of everything we do, from the technicians delivering service in the field to the engineers driving innovation behind the scenes.”
Reliability is the foundation of long-term success, and this recognition underscores Johnson Controls’ unwavering commitment to earning and maintaining the trust of its customers, partners and stakeholders. Inclusion in this list highlights the dedication of the entire Johnson Controls team to deliver consistent quality, transparent communication and dependable results year after year. Johnson Controls has an unmatched field position in the industry and proudly employs over 15,000 skilled technicians across the Americas, and 40,000 globally, who – alongside our sales teams – are the face of the company.
View the full list on Newsweek’s website.
MEDIA CONTACT:
Ben Hoekstra
Direct: +1 414 630 0482
Email: media@jci.comAbout Johnson Controls:
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.
Building on a proud history of 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.
Today, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.
Visit johnsoncontrols.com for more information and follow @Johnsoncontrols on social platforms.
About Statista
Statista produces hundreds of global industry rankings and company listings in partnership with leading media outlets. Its research and analysis service is powered by the data-driven expertise of statista.com, a premier business intelligence portal offering comprehensive market insights, statistics, and consumer studies.
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