Magnificent Seven Drive 2024 S&P 500 Surge: Market Cap Up 46%, vs. 15% for Remaining 496 Stocks

In 2024, the combined market capitalization of the "Magnificent Seven" tech giants—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—skyrocketed by 46%, compared to a 24% overall gain in the S&P 500 index. By contrast, the remaining 496 stocks in the index achieved a more modest 15% growth collectively. This disparity highlights the outsize role of these seven companies in shaping the year’s market dynamics.