Posted 1/12/2024, 8:04:00 PM
S&P 500 Market Cap Retreats Slightly From 2021 High But Remains Near Record Despite Struggles From Apple and Big Tech
- S&P 500 market cap was $40.36 trillion at end of 2021, close to record high
- Market cap retreated to $40.04 trillion by end of 2023 but still near record
- Top 10 stocks account for 30.86% of total S&P 500 market cap as of Dec 2023
- Apple lost enough value for Microsoft to become world's most valuable firm in Jan 2024
- S&P 500 struggled to set new highs in early 2024 due to pullback from Apple and others