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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% yr thus 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 yr, in response to 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 response to 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 features in U.S. inventory market historical past, in response to Bloomberg and Yahoo Finance knowledge gathered by Statista.
The publish S&P, Nasdaq soar in 2023 due to huge tech shares appeared first on CryptoSlate.
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