Top 5 Stocks Drive Over 90% of S&P 500 Gains So Far This Year

Just 5 stocks (Nvidia, Meta, Amazon, Eli Lilly, Microsoft) are responsible for over 90% of the S&P 500's gains in 2024 so far.

These 5 stocks make up nearly 20% of the index, so their big rallies have an outsized impact.

The other 495 stocks have averaged gains of just 0.7% this year when adjusted for weight.

Such a concentrated rally may not be sustainable long-term as valuations stretch.

Consider diversified investments like ETFs rather than betting on individual stocks to profit from hot trends.