www.varchev.com

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.

0


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance