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The Magnificent Seven stocks have risen 75 per cent this year, while other 493 companies in the S&P 500 are up 12% nvidia 250% increase -

 
Coastie Patriot

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12/18/2023 04:52 PM

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The Magnificent Seven stocks have risen 75 per cent this year, while other 493 companies in the S&P 500 are up 12% nvidia 250% increase -
The Magnificent Seven stocks have risen 75 per cent this year, while the other 493 companies in the S&P 500 are up 12 per cent -


Apple, Amazon, Alphabet, NVIDIA, Meta , Microsoft and Tesla are up 75 percent
The S&P 500 by comparison is up by around 23 percent through December 18
Concern is mounting that big tech stocks represent too much of the index


visual of the stocks

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This year's stock market rally was led by a handful of technology stocks that have come to be known by Wall Street as the 'Magnificent Seven'.

Apple, Amazon, Alphabet, NVIDIA, Meta, Microsoft and Tesla together are up around 75 percent since the beginning of the year. Americans holding them in their 401(k) savings accounts will have gotten a big boost as a result.

The 493 other companies in the S&P 500 - an index of America's largest 500 companies - were up around 12 percent.

Overall, the S&P 500 was up almost 23 percent through December 18 - driven by those seven powerful technology companies. Many 401(k) accounts have at least some of the money invested in the benchmark index, and will have benefited from the rally over the year.

The spectacular growth of Magnificent Seven companies is widely attributed to the artificial intelligence craze this year and more recently the increased expectation that the Federal Reserve will begin reducing benchmark interest rates next year.

Nvdia, which manufactures computer chips, has enjoyed returns of nearly 250 percent this year and is the top performer in the S&P 500.

wonder which politicos have investments there ... TIME TO GO RABBIT HOLE DIVING


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follow the oligarichal money of the WEF elites and politicos

Last Edited by Coastie Patriot on 12/18/2023 04:52 PM
Coastie Patriot
SIC SEMPER TYRRANIS

THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!!

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Well, I mean, no one can tell the difference anymore between what's real and what's fake.

Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.-
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to grow up remembering th

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Anonymous Coward
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12/18/2023 04:53 PM
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Re: The Magnificent Seven stocks have risen 75 per cent this year, while other 493 companies in the S&P 500 are up 12% nvidia 250% increase -
Winning!!!
Anonymous Coward
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12/18/2023 04:58 PM
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Re: The Magnificent Seven stocks have risen 75 per cent this year, while other 493 companies in the S&P 500 are up 12% nvidia 250% increase -
Money and the economy is AWESOME. Restaurants, bars, stores all PACKED!

Unless of course you are the 98% of GLP posters. This place is a poor magnet.
Anonymous Coward
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12/18/2023 05:04 PM
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Re: The Magnificent Seven stocks have risen 75 per cent this year, while other 493 companies in the S&P 500 are up 12% nvidia 250% increase -
trump-HRYK





GLP