Huo Xing Cai Jing reports that, according to Nomura, since March 30, ten U.S. stocks have driven 70% of the S&P 500’s gains. NVIDIA contributed the most to the S&P 500’s rise, accounting for 13%, or +3 percentage points. Following closely were Micron, Apple (AAPL), and Microsoft, each contributing 9% to the index’s gain, or +2 percentage points. AMD and Alphabet (GOOGL) contributed 8% and 7%, respectively. Meanwhile, the remaining 490 stocks accounted for only 30% of the S&P 500’s gains since March 30, contributing +7 percentage points.
10 stocks account for 70% of the S&P 500's gains since March 30.
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Summary
A daily market report from Nomura shows that 10 U.S. stocks accounted for 70% of the S&P 500’s gains since March 30. NVIDIA led with a 13% contribution, or +3 percentage points. Micron, Apple, and Microsoft each added 9%, while AMD and Alphabet (GOOGL) contributed 8% and 7%, respectively. The remaining 490 stocks accounted for just 30% of the rise, or +7 percentage points. The Fear & Greed Index remains skewed toward a small number of large-cap names.
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