Quick setting
- The S&P 500 and the Nasdaq Composite are both up in 2023; the S&P is up more than 9%, while the Nasdaq Composite is up 25% year-to-date.
- However, the rise in the indexes came solely from shares of Alphabet, Amazon, Apple, Meta, Microsoft, Tesla and Nvidia when digging deeper into the data.
- These seven tech company stocks are up $3.16 trillion, or 46%, year-to-date, according to Jerome Bloklandthe founder of investment research firm True Insights
- However, the combined market capitalization of all 493 other stocks in the S&P 500 index is down $0.85 trillion, or 3% this year, according to Blokland.
- Meanwhile, Nvidia has had a stellar run this year, up more than 158%, and May 25 saw one of the largest one-day market capitalization gains in U.S. stock market history, according to Bloomberg and Yahoo Finance data collected by Statistical.
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