S&P, Nasdaq soar in 2023 due to massive tech shares

by Cryptospacey

Fast Take

  • Each the S&P 500 and Nasdaq Composite are up thus far in 2023; the S&P is up over 9%, whereas the Nasdaq Composite is up 25% yr up to now.
  • Nonetheless, the uptick within the indices comes from simply the shares of Alphabet, Amazon, Apple, Meta, Microsoft, Tesla, and Nvidia when digging nearer into the information.
  • These seven tech firm shares are up $3.16 trillion, or 46%, for the reason that begin of the yr, in line with Jeroen Blokland, the founding father of funding analysis agency True Insights
  • Nonetheless, the mixed market cap of all different 493 shares within the S&P 500 index is down $0.85 trillion, or 3% this yr, in line with Blokland.
  • In the meantime, Nvidia noticed an distinctive climb this yr, up over 158%, and on Might 25 noticed one of many largest single-day market cap positive aspects in U.S. inventory market historical past, in line with Bloomberg and Yahoo Finance knowledge gathered by Statista.
Big Tech Market Cap: (Source: Bloomberg)
Massive Tech Market Cap: (Supply: Bloomberg)
Nvidia market cap jump (Source: Statista)
Nvidia market cap soar (Supply: Statista)

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