# Morgan Stanley Tech Gauge Falls Further Than in Dot-Com Bust

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/47582
Published: 2026-11-03T11:09:23.000Z
Updated: 2026-11-03T11:09:23.000Z
Section: Investing

> The S&P 500 Momentum Index is also posting one of its sharpest stretches of underperformance.

A Morgan Stanley gauge tracking momentum in technology, media and telecom stocks has fallen more from its highest point in the past 12 months than it did during the dot-com bust. Separately, the S&P 500 Momentum Index is experiencing one of its sharpest stretches of underperformance.

The readings describe two distinct market measures: one focused on technology, media and telecom stocks, and another tied to the S&P 500.