TECH - Big Tech Dominance: 5 Companies Projected To Lap Average S&P 500 Stock's Earnings Growth | Benzinga
Despite the underperformance of several sectors, the SPDR S&P 500 ETF Trust (NYSE:SPY) has already exceeded its average annual return in just over six months. Amid unprecedented gains by big tech companies, how much can the S&P 500’s performance be attributed to the dominance of just a few companies?
The Data: A post on social media platform X used data from Goldman Sachs to portray a stark dichotomy between Big Tech companies and the median S&P 500 company.
This is remarkable:
In 2023, Microsoft, Nvidia, Amazon, Google, and Meta combined grew their earnings by 57% year-over-year.
By comparison, the median ...