Fidelity ZERO Total Market Index Fund (FZROX)

FZROX sits below its recent trading range for the first time in several weeks.

What is going on right now?

The price dipped about 1% over the past week, and reports of a stumble across big tech names like NVDA, MSFT, and AVGO may be pulling it lower.

How is the business itself doing?

This is a basket of nearly every publicly traded company in the U.S., about $41 billion in total. It charges nothing to hold, compared to a typical cost of around three quarters of a percent elsewhere.

What stands out?

Roughly a third of its weight sits in just ten companies, and tech alone makes up about 37% of the whole thing.

What comes next?

NVDA is the single largest holding at about 7%, so its next earnings report will move the needle here more than most.