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Story summary
- U.S. stocks rose in 2026 as GDP fell to 1.9% from 3.3% in 2023.
- Technology stocks, 35% of the market and led by Alphabet, Amazon, Meta and Tesla, lifted it.
- Capital Economics reported semiconductor makers and hyperscalers drove two-thirds of S&P 500 earnings growth since 2022.
- Joe Seydl, J.P. Morgan senior markets economist, said 70% of U.S. GDP spending depends on the top 20% of households for 60% of outlays.
