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22 years ago the top 5 companies in the S&P 500 were not all like Exxon Mobil and Generatel Electric. Microsoft, Cisco and Intel were there. More than one third
by kgwgk 5y ago
22 years ago the top 5 companies in the S&P 500 were not all like Exxon Mobil and Generatel Electric. Microsoft, Cisco and Intel were there. More than one third of the index caputalization was in the IT sector.
- pas 5y agoThe usual argument is that the increase in the index since then is mostly due to increase of tech stock prices (valuations, market cap, etc), not that there were no big name IT companies back then in it.