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June 24, 2024 Market Moment Thumbnail

June 24, 2024 Market Moment

Market Moment

Glen Eagle®: America’s Women-Owned Trading Desk®  


Nvidia has accounted for 44% of the S&P 500 gains since early 2022.  Yet, not all stocks are performing as well.  The average S&P 500 stock is about where it was at the start of 2022, with more than half of stocks down since then. *1

There appears to be a correlation between innovation and income.  The top ten urban areas for U.S. patent filings saw the average nominal income in their regions grow by 36% since 2015, compared to just 25% for the entire country. 2

The Consumer Financial Protection Bureau (CFPB) has proposed removing medical bills from credit reports starting next year. This change is expected to improve the credit scores of 15 million Americans and lead to 22,000 additional mortgage approvals annually. 2

Traditionally seen in mature industries, dividends are now popular among growing tech giants. Meta, Alphabet, and Salesforce all introduced dividends in early 2024. Additionally, tech companies were responsible for 14.1% of all S&P 500 cash dividends last year. 3


  1. WSJ - "Nvidia's Success Is the Stock Market's Problem"
  2. MFS - "Beyond the News"
  3. Capital Group - "Long-term Perspective on Markets and Economies"

*Past performance is not indicative of future performance

Client Focused Trading® for large institutions, pensions, hedge funds, wealthy families, and private equity for over 30 years. 

Glen Eagle Wealth, LLC is a member of FINRA and SIPC 

This desk commentary is for informational purposes only 

Carol Ann Fernandez, Rob Michel, Grier Vacek 

(609) 631-8231 


Glen Eagle Wealth, LLC | 4422C Route 27, PO Box 399, Kingston, NJ 08528-0399 

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