10 Stocks Account for 70% of S&P 500 Rebound Since March 30
Photo: TokenPost
The S&P 500 has gained 23% since its March 30 low, with 10 stocks supplying about 70% of the increase. Their contributions totaled 16 percentage points, while most index constituents remained well below their own record highs. As of Oct. 15, Nvidia was the largest contributor, adding three percentage points, or 13% of the index’s total gain. Micron, Apple and Microsoft each added about two points. AMD contributed 8% of the advance, and Alphabet contributed 7%. The other 490 S&P 500 stocks together added seven percentage points, the remaining 30% of the gain.
Source: TokenPost
