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- Indx Pt. indicates sector’s point contribution to the Index shift;
- For example, at the time the screenshot was taken, Information Technology sector was accountable for -18.30 of the overall -68.19 move in the S&P 500.
Indx Pt. 3-step formula:
- Index level * Index Weight of a stock (i.e. Apple) = Points contribution of a stock (1);