SPY ETF Reaches $500-Billion Milestone Driven by Record-High S&P 500, Nvidia Surpasses $2 Trillion, Broadcom Overtakes Tesla – SPDR S&P 500 (ARCA:SPY)

SPY ETF Reaches 0-Billion Milestone Driven by Record-High S&P 500, Nvidia Surpasses  Trillion, Broadcom Overtakes Tesla – SPDR S&P 500 (ARCA:SPY)


The Most Important Earnings Report of the Year?

Gianni Di Poce gives the low-down on what he believes is the most important earnings report for the market today. Get his expert insights weekly, plus stock picks with Benzinga’s Insider Report Try it today for $0.99.


The U.S. stock market continues its unchallenged bull run, with Wall Street notching yet another week of record-breaking highs for the S&P 500 and Nasdaq 100 indices.

This ongoing surge demonstrates the remarkable strength of the bullish sentiment, with stocks marking their 16th positive week out of the last 18. Since late October, this rally has propelled the S&P 500 index by 25% and the Nasdaq 100 by 30%.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!

The momentum on Wall Street has also catapulted the SPDR S&P 500 ETF Trust (NYSE:SPY) – the world’s largest exchange traded fund – to a historic milestone, surpassing $500 billion in assets under management for the first time ever.

Trailing behind the SPY are BlackRock’s iShares Core S&P 500 ETF (NYSE:IVV) with $442 billion, and the Vanguard S&P 500 ETF (NYSE:VOO) with $413 billion under management.

Other notable milestones were achieved among S&P 500 components during Friday’s session. Nvidia Corp (NASDAQ:NVDA) reached a market capitalization exceeding $2 trillion, Eli Lilly and Company (NYSE:LLY) surpassed $700 billion and Broadcom Inc. (NASDAQ:AVGO) overtook Tesla Inc. (NASDAQ:TSLA) to become the eighth-most valuable company.

Chart: SPY Is First ETF To Reach $500 Billion In AUM


Bitcoin Breaks Out New ATH Ahead?

The leading cryptocurrency broke key resistance. A green light for bulls. Gianni di Poce shares his thoughts in this week’s Insider Report. to Click Here to Grab a Copy for Just $0.99!


Top-Performing S&P 500 Stocks Friday

The following are the five top-performing stocks within the S&P 500 on Friday:

Stock NameSectorPrice1-Day Return %
NetApp, Inc. (NASDAQ:NTAP)Information Technology106.9319.98%
The Cooper Companies, Inc. (NASDAQ:COO)Health Care102.079.05
Western Digital Corporation (NASDAQ:WDC)Information Technology63.997.61
Broadcom Inc. (NASDAQ:AVGO)Information Technology1,392.567.08
DexCom, Inc. (NASDAQ:DXCM)Health Care121.195.32

Top 10 Performing S&P 500 Stocks Year-To-Date

The top-performing S&P 500 stocks year-to-date are as follows:

CompanyYTD ReturnMarket Cap
NVIDIA Corporation65.43%$2,016B
Constellation Energy Corporation (NASDAQ:CEG)44.19%$53.37B
Meta Platforms, Inc. (NASDAQ:CEG)41.97%$1,281.15B
Advanced Micro Devices, Inc. (NASDAQ:CEG)36.55%$325.24B
Eli Lilly and Company33.72%$701.64B
Uber Technologies, Inc. (NYSE:UBER)31.30%$167.86B
Applied Materials Inc. (NASDAQ:AMAT)29.60%$174.53B
Ralph Lauren Corporation (NYSE:RL)28.68%$11.86B
Tapestry, Inc. (NYSE:TPR)28.57%$10.85B
Catalent, Inc. (NYSE:CTLT)28.18%$10.34B

Read now: Top Stocks Not Named Nvidia You Need To Know About In 2024: Here’s What Investors Think About Them (Wall Street Vs. Reddit)

Photo via Shutterstock.


The Most Important Earnings Report of the Year?

Gianni Di Poce gives the low-down on what he believes is the most important earnings report for the market today. Get his expert insights weekly, plus stock picks with Benzinga’s Insider Report Try it today for $0.99.


© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Source Reference

Latest stories