Most of S&P 500’s Gains Driven by 7 Firms, Others Up Less than 5% YTD
The S&P 500 has rallied over 12% year-to-date, but recent analysis showed that over 50% of its gains came from the index’s top 7 biggest stocks. On the other hand, the remaining 493 companies have advanced just 5%, suggesting a significantly lopsided market. ‘The Magnificent Seven’ Accounted for Over 50% of S&P 500’s Gains in 2023 The S&P 500 – […]
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