“The stock market took a narrow road to record highs last month”
June 6, 2024
“…Just six large tech stocks contributed to more than 75% of the S&P 500’s gain in May, a move reminiscent of how the “Magnificent Seven” tech stocks drove the market rally in 2023.
Rises in Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), and Nvidia (NVDA) shares helped the S&P 500 (^GSPC) to its best May since 2003…”
In a way this could be a good thing. They take most of the gains… well when the market crashes they should also take most of the losses.