propping

Expert says Nvidia is propping up the S&P 500 like no company has in 40 years, possibly since IBM

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Expert says Nvidia is propping up the S&P 500 like no company has in 40 years, possibly since IBM

Some technology companies are performing exceptionally well, overshadowing a lackluster stock market overall. The S&P 500 index broke its 31st record of the year on Tuesday, closing at 5,487.03, up more than 15% for the year. However, this growth is not evenly distributed across all companies. The top seven performers, including NVIDIA, Microsoft, Apple, Google, … Read more

Nvidia is propping up the S&P 500 like no other company has in 40 years, maybe not even IBM.

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Nvidia is propping up the S&P 500 like no other company has in 40 years, maybe not even IBM.

The S&P 500 index has seen significant growth this year, with 31 record-breaking closes so far. However, this growth is largely fueled by a select group of technology companies, including NVIDIA, Microsoft, Apple, Google, Amazon, Tesla, and Broadcom. These companies have seen substantial increases in their stock prices, while the rest of the index has … Read more