📈 Magnificent Seven Market Cap Soars 51% YTD by Dec. 23, 2024, Remaining S&P 500 Stocks Climb 16%

From January to December 20, 2024, the combined market capitalization of the "Magnificent Seven" tech giants—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—surged 51% year-to-date, nearly doubling the 26% increase in the overall S&P 500 index. In stark contrast, the remaining 496 stocks within the S&P 500 index saw a more modest collective increase of just 16%, underscoring the dominant influence of these seven companies in driving overall market performance.