Good wednesday morning welcome to squawk alley. Im Carl Quintanilla with sara eisen and john fort. Some record highs today. The nasdaq hit one today in the session, the dow has not done so the koptd mike santoli is at post nine to talk about the markets, and the run weve had and the seasonality were heading into last week he brought up the topic on whether the bears missed their good chance seems like that might be the case seasonality works for the whole market,me segments of the marke and momentum we talked about these rotations that happened over the course of the year from small caps to large, sometimes cyclicals worked tech has been consistent if you look at where within tech, maybe you would be encouraged by the fact that semiconductors within technology outperform the overall tech sector its the industrials of tech you only buy chips if you need them, if theres demand for them on the other hand you might be getting to a is this as good as it gets moemts for tment for th. We had
Stocks have been driving all of that action within technology. Justiertodate, look at the lens of exchangetraded funds, the spdr, the s p, up 16 , very respectable and take a look at the tech sector spdr, xlk, 32 so a doug over its competitors within the market. Take a look also going all the way back to 2009 this was the last time that we saw this kind of outperformance by technology overall. That gap is just widening out as we see that performance. We took a look within the xlk, the spdr technology action, so we looked at stocks over 100 billion in market capitalization and have posted better than the index returns. Check this out nvidia no surprise there doubling so far this year. 129 billion company facebook, we talked about it earlier on the show. Up, a 526 billion and broadcom, 112 billion market cap. Everybody talks about apple all the time, nearly 900 billion of market cap 50 upside there and match the card 47 , its 160 billion company so a lot of names out there driving on the
Nasdaq is poised to make history. The index poised to make gains for 11 of the 12 months this year for the First Time Ever some of the stocks leading the charge, well, you know them well dont you, of course, when were looking at some of them there. These you dont know at all. Align technology, vertex mercadolibre, whats that mean, free books, free something free markets not the typical names that we see. Those are the percentage winners, the ones that essentially doubled this year. If its one that stands out, its wynn. Its not a Bio Tech Company that, obviously, had an amazing run. In terms of who added the most market value this year, of course, those familiar names like the f. A. N. G. Stocks, apple, as well. Alibaba up 96 this year. We were talking earlier in the show on squawk on the street, of course, about the increase of market value at a 440 billion value. Interesting, tech sector almost 24 for the s p average waiting for the past ten years, 19. 6 that speaks to the rally weve
This morning of course, our last trading day of the year. Speaking of 2017, it has been a blowout year for technology. The nasdaq gaining roughly 30 the index on pace for its sixth straight positive year in a row, the fifth time since 1980. Bertha coombs is at the nasdaq and she has more for us. Bertha david, as mark twain put it, history doesnt repeat, but it often rhymes, and thats certainly true with the nasdaq 100. The big caps up for the ninth Straight Year in a row, the longest annual streak for the index since the big tech breakout of the 1990s. These four mega caps, you know them, apple, microsoft, amazon, theyve made the biggest impact in terms of the upside gains for the s p 500, overall market, and when you add in alphabet, they actually account for twothirds of the nasdaq 100s 15point gain this year microsoft benefiting from its shift to Cloud Technologies is up for the sixth Straight Year, thats its best straight winning streak since the launch of windows in the mid 90s, a