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S&P 500 gains mask widespread losses in individual stocks

A Wall Street analyst warns that rising index levels are hiding steep declines in many company shares.

The S&P 500 is hitting record highs, but the broad market strength is concealing significant losses across individual stocks, according to a veteran Wall Street analyst. Larry McDonald said the index's strong performance is masking the fact that many companies are seeing their share prices decline.

McDonald suggested that the divergence between the index's gains and losses in individual stocks could present opportunities for investors willing to look beyond headline market moves.