The S&P 500 had a solid performance over the last five years, surging over 85%. Considering that time frame includes the pandemic-induced crash and the 2022 inflation sell-off, I'd say that's a good overall performance.

There are 11 sectors in the S&P 500. Yet only one sector, technology, has gained more than 85% over the last five years. You may be wondering, if the S&P 500 reflects the average performance of all 11 sectors, shouldn't around half of the sectors beat the market and half underperform? That would be true if each sector was similarly weighted and there weren't big outliers. But over the last five years, the technology sector has been an outlier for multiple reasons.

Here's why tech is carrying the market, and the impact it could have on your investments.

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Source Fool.com