---
title: "The S&P 500 fell. A slight majority of U.S. stocks rose"
url: "https://etf.net/news/the-s-p-500-fell-a-slight-majority-of-u-s-stocks-rose-2026-09-04"
published_at: "2026-09-04T21:55:57.240Z"
updated_at: "2026-09-04T21:55:57.240Z"
byline: "ETF.net Research"
---

# The S&P 500 fell. A slight majority of U.S. stocks rose

On Friday, September 4, Apple, Microsoft and Tesla accounted for the S&P 500 fund SPY's 0.39% drop as 2,946 U.S. stocks advanced against 2,605 decliners.

By ETF.net Research. Published Sep 4, 2026.

Apple subtracted **0.18** percentage points from the S&P 500 fund SPY at Friday's close, the largest hole in a **0.39%** decline. Microsoft subtracted 0.12 percentage points and Tesla 0.09. Counted name by name, more U.S. stocks still finished higher than lower.

## The S&P 500 versus 5,811 U.S. stocks

Of **5,811** U.S. common stocks listed on the NYSE, Nasdaq and NYSE American, **2,946** rose, 2,605 fell, and 260 were unchanged. That is **50.7%** advancers, a slight majority. The count excludes ETFs, funds, foreign listings, and currency and crypto symbols.

The two S&P 500 constructions moved together. The Nasdaq-100 and small caps went the other way.

Chart: Both S&P 500 funds fell; Nasdaq-100 and small caps rose

Sixteen of the 20 mega-caps in the board fell, including Apple, Microsoft, Amazon, Alphabet, Tesla, Berkshire Hathaway, JPMorgan, and Walmart.

Apple fell **2.5%**, Microsoft **2.0%**, and Tesla **5.9%**. Tesla's drop came after its Cybercab event, with a federal safety review of the vehicle reported the same session. Nvidia, the S&P 500's largest holding at 8.3% of SPY, rose 0.84% and added 0.07 percentage points, not enough to offset Apple.

## Micron added more than the Nasdaq-100 gained

Micron, the memory-chip maker, rose **6.1%** and added **0.29** percentage points to the Nasdaq-100 fund QQQ, more than the fund's entire 0.18% gain, and only 0.10 percentage points to SPY, where it weighs less. AMD rose 4.7%, Intel 4.5%, and SanDisk, the flash-memory company, 11.9%.

The small-cap fund IWM gained **0.26%**, and the eight names that moved it most accounted for **0.01** percentage points of that rise. That is what a gain looks like when it is not a handful.

The read breaks if Monday's advancers fall to **45%** or less of the 5,811-name universe, against Friday's **50.7%**, while the S&P 500 falls again. Then the index and the market would be telling the same story.

Source: etf.net, https://etf.net/news/the-s-p-500-fell-a-slight-majority-of-u-s-stocks-rose-2026-09-04. Please cite the page URL.