Cruise operators Carnival and Royal Caribbean joined Nvidia, Meta and Tesla in the top five S & P 500 gainers in the first half.
The S & P 500 is up 15.9 percent for the year to June 30, to 4450.38. The S & P 500 index has rebounded 24% from its closing low of 3577.03 points on October 12 last year, and the US stock market is in a bull market.
Technology stocks rose the most, with the following being the best and worst performers on the U.S. stock market in the first half of 2023.
* Trend of S & P 500 from the end of 2021 to June 30, 2023 *
All share price changes herein exclude dividends. As you can see from the chart above, the S & P 500 still has a long way to go before it fell 19% in 2021, and the index is still 7% below its level before that fall.
The following is the performance of the 11 sectors and 4 stock indexes of the S & P 500 Index in the first half of this year and the changes in their forward P/E ratios:
59% of the S & P 500 index has risen this year.
Information technology was the biggest gainer in the S & P 500, and it’s worth noting that two technology companies, Alphabet (GOOGL) and Meta Platforms (META), are in the communications services sector, while Amazon (AMZN) is the largest company by market capitalization in the consumer discretionary sector.
The S & P 500 is a market capitalization-weighted index, with five stocks (including Alphabet Class A and Class C shares) weighted nearly 24% in the $415 billion SPDR S & P 500 ETF Trust (SPY), which tracks the index.
Here’s how the five stocks fared in the first half of the year:
There has been a lot of money flowing into the equal-weighted index in recent weeks as more and more investors realize that the rise in the S & P 500 index has become very concentrated.
Here are the 10 best-performing stocks in the S & P 500 for the first half of 2023:
Here are the 10 worst-performing stocks in the S & P 500 in the first half of the year:
There is a higher concentration of technology stocks in the Nasdaq 100 Index, tracked Invesco QQQ Trust (QQQ), which includes the stocks of the 100 largest non-financial companies by market capitalization in the Nasdaq Composite Index.
Here are the 10 best-performing stocks in the Nasdaq 100 for the first half of the year:
Here are the 10 worst-performing stocks in the Nasdaq 100 for the first half of the year:
Here’s how the 30 Dow Jones Industrial Average stocks performed in the first half of the year:
(Source: Haitou Global)
