The S&P 500 is a stock market index that tracks the performance of 500 large companies listed on the U.S. exchanges. In 2023, the S&P 500 gained 8.9%, or 9.7% including dividends. However, this increase was mainly driven by a few large tech companies, such as Apple, Microsoft, Alphabet, Amazon, and Nvidia. Without them, the index would have risen only 1.5%
According to the data from S&P Dow Jones Indices, the top 10 gainers and losers of the S&P 500 in 2023 were:
Top 10 gainers:
- Nvidia: up 159%
- Meta: up 120%
- Amazon: up 44%
- Alphabet: up 39%
- Microsoft: up 37%
- Apple: up 36%
- Martin Marietta Materials: up 30%
- Sherwin-Williams: up 32%
- Progressive: up 22%
- Tesla: up 20%
Top 10 losers:
- SBA Communications REIT: down 21%
- Ameren: down 19%
- Corteva: down 18%
- Evergy: down 17%
- Fox: down 13%
- Vulcan Materials: down 10%
- HCA Holdings: down 10%
- Live Nation Entertainment: down 9%
- Consolidated Edison: down 6%
- Leidos Holdings: down 4%
These results show the diversity and volatility of the stock market, as well as the impact of various factors, such as the COVID-19 pandemic, stimulus measures, inflation and interest rates, tax changes, and technological innovation.
Investors should be aware of the risks and opportunities of investing in the S&P 500, and do their research and analysis before making any decisions.