The U.S. stock market is ablaze with an unparalleled bull run, as Wall Street proudly flaunts a string of record-shattering highs for the S&P 500 and Nasdaq 100 indices.
This relentless surge vividly illustrates the unwavering strength of bullish sentiment, with stocks basking in the glow of their 16th positive week out of the past 18. Since late October, this remarkable rally has catapulted the S&P 500 index by 25% and the Nasdaq 100 by 30%.
The unstoppable momentum on Wall Street has steered the SPDR S&P 500 ETF Trust SPY – the reigning champion of exchange traded funds – to a historic pinnacle, crossing the $500 billion threshold in assets under management for the very first time.
Trailing in the SPY’s glorious wake are BlackRock’s iShares Core S&P 500 ETF IVV with $442 billion, and the Vanguard S&P 500 ETF VOO with a respectable $413 billion under its watchful management.
During Friday’s trading session, the stars aligned for several S&P 500 components in a dazzling display. Nvidia Corp NVDA ascended to a market cap surpassing $2 trillion, Eli Lilly and Company LLY ventured beyond $700 billion, and Broadcom Inc. AVGO outran the mighty Tesla Inc. TSLA to seize the coveted title of the eighth-most valuable company.
Charting the Unprecedented: SPY’s Historic Climb to $500 Billion in AUM
The Showstoppers: Top-Performing S&P 500 Stocks on Friday
The spotlight shines bright on the top five performers within the S&P 500 for 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% |
Pacesetters: Top 10 Performing S&P 500 Stocks Year-To-Date
Let’s unpack the top performers within the S&P 500 year-to-date:
| 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 |
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