Top stocks in S&P 500 ETF more than doubled in 2024, driving positive outlook for 2025.

From Nasdaq: 2025-01-02 10:22:00

The S&P 500 ended 2024 with a 23.3% gain, making it the best two-year cumulative gain since 1997-98. AI, rate cuts, and Trump’s trade policies were major drivers. SPDR S&P 500 ETF Trust (SPY) gained 25.5%, with top-performing stocks like Palantir, Vistra Energy, NVIDIA, and United Airlines Holdings, all with strong Zacks ranks.

Big tech stocks, known as the “Magnificent Seven,” drove the market to new highs in 2024, with a combined market cap of over $18 trillion. The Fed’s interest rate cuts and Trump’s election win also boosted the market, leading to a positive outlook for 2025.

Wall Street strategists predict continued strong trends in 2025, with a median year-end target for the S&P 500 at 6,600. SPY holds 503 stocks, preventing heavy concentration, and charges 9 bps in fees per year. The top-performing stocks in the ETF include Palantir, Vistra Energy, NVIDIA, and United Airlines.

Palantir Technologies, Vistra Energy, NVIDIA, and United Airlines were the best-performing stocks in SPY in 2024, with impressive gains and strong growth outlooks for 2025. These stocks have contributed significantly to SPY’s overall performance and are worth watching for potential future growth opportunities.



Read more at Nasdaq: 4 Top Stocks in the S&P 500 ETF That More Than Doubled in 2024