Nasdaq’s market capitalization reached a record 66% compared to S&P

The Nasdaq Composite Index’s market capitalization has surged to 66% of the S&P 500 Index’s this month, the largest share ever.

Microsoft Corp., the tech-heavy gauge’s second-biggest weighting, has a lot to do with it.

The provider of cloud-computing services briefly surpassed state energy giant Saudi Aramco as the world’s second-largest company this month — after Apple Inc. — and accounted for almost 80 basis points of the Nasdaq’s 9.1% total annual returnthrough Tuesday.

The S&P 500 has returned 4.9% with dividends reinvested.

Source: Blomberg Pro Terminal
Chart: Used with permission from Bloomberg Finance L.P.


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