How did the performance of Magnificent Seven compare with S&P 500 in 2024
The Magnificent Seven are the group of seven high-performing tech companies in the U.S. stock market: Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla.
These companies’ growth has been the driving force behind the US stock market’s performance in recent years.
Here we look at the returns of the magnificient seven over each day in 2024. One thing that stands out the the continued growth of Nvidia in 2024 with a whopping 178% returns in 2024. Meta, coming next, had a steady growth in 2024. Tesla standing at the third is a huge surprise as its returns was in the negative for most the year and it has been on fire fire since US election with a whopping gain of 62% to end the year 2024.
Microsoft has been the real under-performer in 2024 with its 14% return lagging behind the 24% return of S&P 500 index.
Returns of Magnificent seven and S&P 500 Index in 2024
[…] to the growth of Tech stocks driven by the Magnificent seven stocks, the three US market indices had a great run in 2024. Here we take a look at the performance of […]