The Trillion Dollar Stock Club Is Bigger -- and Richer -- Than Ever
Fears of a " lost decade" ahead for stocks don't change the fact that 2024 created stunning gains in the market value of America's most valuable publicly traded companies.The exclusive trillion dollar club, which consists of stocks with a market value north of $1 trillion, saw its overall value nearly double in 2024 to $19 trillion, up from $10 trillion at the end of 2023. A company's market value is the number of shares outstanding multiplied by the current share price.Investor enthusiasm over lower interest rates and artificial intelligence drove much of 2024's gains, bringing the club's membership up to eight, compared with just five in both 2023 and 2022. While most of the names on the list are familiar, including Alphabet, Amazon, Apple, and Microsoft, there's one newcomer plus two companies that have rejoined the club after falling out in recent years.