Markets
Six Big Tech Companies Propped Up the S&P 500
![Six Big Tech Companies Propped Up the S&P 500](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-Six-Big-Tech-Companies-Propped-Up-the-SP-500-20240510131216.webp&w=3840&q=75)
What We're Showing
S&P 500 earnings growth (year-over-year) for Q4 2023, using analysis from FactSet.
What to Know
- Six big tech companies (Alphabet, Apple, Amazon, Meta, Microsoft, and Nvidia) helped drive the value of the S&P 500 higher. Without these six companies, SPX's blended earnings would've been -1.4%
- Tesla is the only “Magnificent 7” member that is not a positive contributor to year-over-year earnings growth
- Many of these companies are reporting earnings in coming days. Microsoft and Alphabet on Jan 30, 2023; and Apple, Amazon, and Meta on Feb 1, 2023
Dataset
earnings growth q4 2023 | |
---|---|
Alphabet, Apple, Amazon, Meta, Microsoft, Nvidia | 53.70% |
Remaining 494 SPX companies | -10.50% |
Earnings Per Share, q4 2023 | |
Meta | 4.84 |
Nvidia | 4.51 |
Microsoft | 2.77 |
Apple | 2.1 |
Alphabet | 1.59 |
Amazon | 0.8 |
38
0
738