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(NYSE:XOM) has stepped into the role Nvidia used to play: the number one bullish engine for the benchmark.
Microsoft is currently the largest negative contributor to S&P 500 performance year-to-date.
KEY POINTS
- All Magnificent 7 tech stocks are now the top seven detractors from S&P 500 returns.
- Exxon Mobil has replaced Nvidia as the top positive contributor to the S&P 500 in 2024.
- Traditional oil and gas companies like Exxon and Chevron are now stabilizing the S&P 500 index.
COMPANIES
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