© Reuters. S&P 500 Eyes 9th Week Of Gains, Longest Streak In 2 Decades: Stocks Leading The Rally US500 +0.04% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close SPY +0.04% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close INTC -0.73% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close NVDA +0.21% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close AMD +1.84% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close META +0.14% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close PANW -0.65% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close ZS -0.26% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close PDD +0.62% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close CRWD -0.46% Add to/Remove from a Portfolio Add to Watchlist Add Position Position added successfully to:
Please name your holdings portfolio Type: BUY SELL Date: Amount: Price Point Value: Leverage: 1:1 1:10 1:25 1:50 1:100 1:200 1:400 1:500 1:1000 Commission: Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close Benzinga – by Piero Cingari, Benzinga Staff Writer.
At the closing bell in New York trading on Thursday, the S&P 500 Index finished at 4,783 points, coming within a mere 0.2 percentage points of the previous record closing high of 4,796 set on Jan. 3, 2022.
The S&P 500 Index, closely tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), is poised to conclude its ninth consecutive week of gains unless Friday sees a decline of more than 0.75%. This marks the longest weekly winning streak since January 2004.
The benchmark for the largest 500 U.S. corporations by market capitalization is now also just 0.4 percentage points away from its all-time peak of 4,818 points, reached on Jan. 4, 2022.
There is only one session remaining to attain this milestone before the year’s trading comes to a close.
For 2023 as a whole, the S&P 500 is up 25%, marking its third-best year in the last two decades, and sharply recovering from a 19.4% decline in 2022.
Chart: S&P 500 Eyes All-Time Highs, On Track For 9th Week Of Gains
Top 5 Stocks Driving The S&P 500’s Rally In 2023 The best-performing stock within the S&P 500 for 2023 has been NVIDIA Corp. (NASDAQ:NVDA), with an astounding 240% increase since the year’s outset. This marks Nvidia’s strongest year since 2001, when it soared by 310%.Following closely is Meta Platform Inc. (NASDAQ:META) with a 198% increase, nearly doubling its performance compared to its previous best year in 2013, when it surged by 105%.
In the third position is Crowdstrike Holdings Inc. (NASDAQ:CRWD) with a 143% increase. The fourth spot goes to Advanced Micro Devices Inc. (NASDAQ:AMD), delivering a return of 130%. Rounding out the top five is Palo Alto Networks Inc. (NASDAQ:PANW) with a notable 112% increase.
Name Price Chg.% Industry NVIDIA Corporation 239.51% Semiconductors and Semiconductor Equipment Meta Platforms, Inc. 198.00% Interactive Media and Services CrowdStrike Holdings, Inc. 142.99% Software Advanced Micro Devices, Inc. 130.30% Semiconductors and Semiconductor Equipment Palo Alto Networks, Inc. 112.13% Software
Top 5 Stocks Driving The S&P 500’s Q4 Rally A significant portion of the S&P 500’s rally has occurred in the last quarter of the year.Remarkably, it has risen by nearly 15% since late October, which amounts to an 11.6% increase for the quarter. This marks the fourth quarter of 2023 as the best in terms of performance since the fourth quarter of 2020, when the COVID-19 vaccine was first discovered.
The stocks propelling the performance of the S&P 500 in the fourth quarter of the year are as follows:
Crowdstrike Holdings Inc. , up 53% PDD Holdings Inc. (NASDAQ:PDD), up 48.6% Advanced Micro Devices Inc. (NASDAQ:AMD), up 45% ZScaler Inc. (NASDAQ:ZS), up 43% Intel Corp. (NASDAQ:INTC), up 42%. Read now: SPY ETF On Track For $500B Milestone, Boosted By S&P 500’s Peak Performance, Record Inflows In 2023Image created using artificial intelligence via MidJourney.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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S&P 500 Eyes 9th Week Of Gains, Longest Streak In 2 Decades: Stocks Leading The Rally
