The S&P 500’s sideways drift is masking a deeply divided stock market into the home stretch

Traders work on the floor of the New York Stock Exchange on Nov. 5, 2021.

Traders work on the floor of the New York Stock Exchange on Nov. 5, 2021.

Spencer Platt | Getty Images

The past two weeks have been a snooze for index investors, a dream for chasers of the trendy big growth stocks and something of a nightmare for owners of riskier cyclical plays.

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