From December 31, 2017 through December 31, 2021, Apple, Microsoft, Alphabet, and Amazon massively outperformed the 91% cumulative return of the S&P 500 Index. Since those four companies represented the largest weights in the Index during those years, they also contributed significantly to the 17.6% average annual return over that four year period. The “worst” performer, Alphabet, almost doubled the index with a 177% cumulative return. The best? Apple, with a 339% cumulative return. Microsoft increased 314% and Amazon 185%. The biggest and the best.
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