FAAMG companies are driving the stock marketsThe S&P 500 Index’s strength has been fueled by the five FAAMG companies orFacebook, Amazon AMZN , Apple AAPL , Microsoft MSFT and Google GOOGL /Alphabet. This is due to their accounting for about 25% of the value of the S&P 500 Index and the Index being market cap weighted. He also estimates that since the end of 2017 with the S&P 500 up 23%, that FAAMG accounts for about 72% of that performance. It has not had nearly the rise of the S&P 500, and it is down much more from its February high. Market cap: $980 billionSince December 31, 2017: Up 37%Since December 31, 2018: Up 38%Year to date: Up 7%

Source: Forbes September 26, 2020 19:52 UTC