As stocks’ rally has broadened in recent wks it has come at tech giants’ expense: They now are laggards. Gains or losses since 3/31:

Dow +8.2%
S&amp;P500 +7.9
Nasdaq +5.9

Tech titans:

$INTC +5.6
$AAPL +5.4
$FB +5.0
$AMZN +4.8
$CSCO +4.8
$MSFT +4.7
$GOOGL +3.8
$ADBE +0.1
$NVDA -0.2