The Magnificent Seven Drive 55% of S&P 500's 2024 Gains with $5.6 Trillion Growth

The Magnificent Seven contributed significantly to the S&P 500’s market capitalization growth in 2024, accounting for 55% of the total increase.

Breakdown of Contributions:

1. Nvidia: $2,066 billion (20.4%)

2. Apple: $792 billion (7.8%)

3. Amazon: $737 billion (7.3%)

4. Alphabet (Google): $583 billion (5.7%)

5. Meta Platforms (Facebook): $569 billion (5.6%)

6. Tesla: $506 billion (5.0%)

7. Microsoft: $338 billion (3.3%)

The remaining $4,550 billion (45%) came from the rest of the S&P 500 companies.