Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:
…. “Roughly one-quarter of the S&P 500’s (^GSPC) 15% gain so far this year comes from five high-profile stocks: Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) and Facebook (FB).
That’s the assessment from Nick Colas, co-founder of DataTrek Research, who ran the numbers:
- Microsoft: 1.3 points
- Apple: 0.8 points
- Amazon: 0.8 points
- Alphabet: 0.1 points
- Facebook: 0.8 points
That results in a grand total of 3.8 points of the S&P 500’s 15.3% gain year-to-date. Without these five stocks, the S&P 500 would be up 11.5%”….
Read the full article here on Yahoo Finance!