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Comparing year-to-date total returns of mega-cap stocks versus other S&P 500 and global stocks

Magnificent 7 significantly outperformed other stocks in 2023

Tim Murray, Capital Markets Strategist, Multi‑Asset Division
T. Rowe Price, From the Field, January 2024

Magnificent 7 significantly outperformed other stocks in 2023

(Fig. 1) Comparing year-to-date total returns of mega-cap stocks versus other S&P 500 and global stocks

figure-1-three-important-insights-from-2023

December 31, 2022, through December 15, 2023.

Past performance is not a reliable indicator of future performance. These statistics are not a projection of future results or company performance. Actual results may vary significantly.
Sources: T. Rowe Price analysis using data from FactSet Research Systems Inc. All rights reserved. MSCI and S&P indices. See Additional Disclosures.

 

* The Magnificent 7 stocks are Apple, Alphabet, Amazon.com, Meta Platforms, Microsoft, NVIDIA, and Tesla. The specific securities identified and described are for informational purposes only and do not represent recommendations. Not representative of an actual investment. There is no assurance that an investment in any security was or will be profitable.

 

This chart is sourced from the report Three important insights from 2023, T. Rowe Price, January 2024.