Daily Stock Market News

Record-High S&P 500 Propels SPY ETF To $500-Billion Milestone, Nvidia Tops $2 Trillion,


The U.S. stock market continues its unchallenged bull run, with Wall Street notching yet another week of record-breaking highs for the S&P 500 and Nasdaq 100 indices.

This ongoing surge demonstrates the remarkable strength of the bullish sentiment, with stocks marking their 16th positive week out of the last 18. Since late October, this rally has propelled the S&P 500 index by 25% and the Nasdaq 100 by 30%.

The momentum on Wall Street has also catapulted the SPDR S&P 500 ETF Trust SPY – the world’s largest exchange traded fund – to a historic milestone, surpassing $500 billion in assets under management for the first time ever.

Trailing behind the SPY are BlackRock’s iShares Core S&P 500 ETF IVV with $442 billion, and the Vanguard S&P 500 ETF VOO with $413 billion under management.

Other notable milestones were achieved among S&P 500 components during Friday’s session. Nvidia Corp NVDA reached a market capitalization exceeding $2 trillion, Eli Lilly and Company LLY surpassed $700 billion and Broadcom Inc. AVGO overtook Tesla Inc. TSLA to become the eighth-most valuable company.

Chart: SPY Is First ETF To Reach $500 Billion In AUM

Top-Performing S&P 500 Stocks Friday

The following are the five top-performing stocks within the S&P 500 on Friday:

Stock Name Sector Price 1-Day Return %
NetApp, Inc. NTAP Information Technology 106.93 19.98%
The Cooper Companies, Inc. COO Health Care 102.07 9.05
Western Digital Corporation WDC Information Technology 63.99 7.61
Broadcom Inc. AVGO Information Technology 1,392.56 7.08
DexCom, Inc. DXCM Health Care 121.19 5.32

Top 10 Performing S&P 500 Stocks Year-To-Date

The top-performing S&P 500 stocks year-to-date are as follows:

Company YTD Return Market Cap
NVIDIA Corporation 65.43% $2,016B
Constellation Energy Corporation CEG 44.19% $53.37B
Meta Platforms, Inc. CEG 41.97% $1,281.15B
Advanced Micro Devices, Inc. CEG 36.55% $325.24B
Eli Lilly and Company 33.72% $701.64B
Uber Technologies, Inc. UBER 31.30% $167.86B
Applied Materials Inc. AMAT 29.60% $174.53B
Ralph Lauren Corporation RL 28.68% $11.86B
Tapestry, Inc. TPR 28.57% $10.85B
Catalent, Inc. CTLT 28.18% $10.34B

Read now: Top Stocks Not Named Nvidia You Need To Know About In 2024: Here’s What Investors Think About Them (Wall Street Vs. Reddit)

Photo via Shutterstock.

Market News and Data brought to you by Benzinga APIs



Read More: Record-High S&P 500 Propels SPY ETF To $500-Billion Milestone, Nvidia Tops $2 Trillion,

You might also like