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S&P, Nasdaq soar in 2023 because of large tech shares

SB Crypto Guru News by SB Crypto Guru News
May 28, 2023
in Crypto Exchanges
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S&P, Nasdaq soar in 2023 because of large tech shares


Fast Take

  • Each the S&P 500 and Nasdaq Composite are up to date in 2023; the S&P is up over 9%, whereas the Nasdaq Composite is up 25% 12 months so far.
  • 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 12 months, based on 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 12 months, based on Blokland.
  • In the meantime, Nvidia noticed an distinctive climb this 12 months, up over 158%, and on Could 25 noticed one of many largest single-day market cap good points in U.S. inventory market historical past, based on Bloomberg and Yahoo Finance information gathered by Statista.
Big Tech Market Cap: (Source: Bloomberg)
Large Tech Market Cap: (Supply: Bloomberg)
Nvidia market cap jump (Source: Statista)
Nvidia market cap bounce (Supply: Statista)

The submit S&P, Nasdaq soar in 2023 because of large tech shares appeared first on CryptoSlate.





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