**Visualizing The S&P 500 In 2023 So Far**

Visualizing The S&P 500 In 2023 So Far

With one quarter of 2023 in the books, how has the S&P 500 performed so far?

The index had a tumultuous 2022, ending the year down 18%, its worst performance since 2008. But so far, despite dealing with tight monetary conditions and an unexpected banking crisis, the S&P 500 has promptly started to rebound.

The animation below from **Visual Capitalist's Jan Varsava** (https://www.visualcapitalist.com/cp/visualizing-the-sp-500s-performance-in-2023-so-far/) shows the stock performance of each company on the S&P 500 (https://www.spglobal.com/spdji/en/index-family/equity/us-equity/sp-sectors/#indices), categorized by sector.

Biggest Gainers on the S&P 500

The S&P 500 increased 7.5% during the first quarter of 2023. Though it was led by a few big outperformers, more than half of the stocks on the index closed above their end-of-December prices.

Here are the top 30 biggest gainers on the index from January 1 to March 31, 2023.

RankCompany3-Month Return1Nvidia90.1%2Meta (Facebook)76.1%3Tesla68.4%4Warner Bros. Discovery59.3%5Align Technology58.4%6AMD51.3%7Salesforce50.7%8West Pharmaceuticals47.3%9General Electric46.3%10Catalent46.0%11First Solar45.2%12Monolithic Power Systems41.8%13MarketAxess Holdings40.6%14GE Healthcare Tech40.5%15Arista Networks38.3%16ANSYS Inc.37.8%17Fortinet Inc.35.9%18Wynn Resorts35.7%19Paramount Global33.8%20FedEx Corp32.7%21MGM Resorts32.5%22Royal Caribbean Group32.1%23ON Semiconductor Corp32.0%24Booking Holdings31.6%25Cadence Design Systems30.8%26Skyworks Solutions30.2%27Pulte Group28.4%28Seagate Technology27.1%29Apple27.1%30Lam Research26.6%

**Nvidia** shares gained the most of all the companies on the S&P 500 in Q1 2023, posting a staggering 90% return over three months.

As the world’s largest chipmaker by market cap, Nvidia gained from both strong earnings and semiconductor industry performance. It also benefited from the rising prevalence of artificial intelligence (https://www.visualcapitalist.com/generative-ai-explained-by-ai/) (AI) through software like ChatGPT.

Meanwhile, other tech giants **Apple** and **Microsoft** gained 27% and 21% respectively over the same time period.

Tech Leads Returns by Sector

The technology sector as a whole was the best performing sectoral index thanks to these big moves, up 21.7% at the end of March.

Sector3-Month ReturnTechnology21.65%Consumer Services21.27%Consumer Discretionary16.60%Materials4.29%Industrials3.47%Real Estate1.95%Consumer Staples0.72%Utilities-3.24%Health Care-4.31%Energy-4.37%Financials-5.56%S&P 5007.5%

Shares of other tech-adjacent companies like Meta (formerly Facebook (https://www.visualcapitalist.com/saying-bye-to-facebook-why-companies-change-their-name/)) and Tesla—listed on the S&P 500 under the categories of communication services and consumer discretionary—also had a strong start to the year and lifted their respective sectors.

Meta in particular is **up 76%** in Q1 2023, continuing its rebound after falling to an eight-year low in November 2022 on the back of better-than-expected fourth quarter results (https://www.cnbc.com/2023/02/01/facebook-parent-meta-earnings-q4-2022.html) and share buybacks.

Biggest Losers on the S&P 500

On the other side of the S&P 500, the financial sector was rocked by sudden collapses (https://www.visualcapitalist.com/largest-bank-failures-modern-history/).

**Signature Bank** and **Silicon Valley Financial Group** shares lost the most ground in the first quarter, after both banks collapsed, shedding nearly all of their value in a matter of 30 days.

In fact, seven of the 10 worst performers on the index to start 2023 are banks or financial companies. The visualization shows the ripple effect on the market after the collapse of regional banks in March, and the ensuing rout driving the entire sector down 5.6% year-to-date.

Here are the top 30 biggest losers on the index from January 1 to March 31, 2023.

RankCompany3-Month Return1Signature Bank-99.8%2Silicon Valley Financial Group-99.6%3First Republic Bank-88.5%4Lumen Technologies-49.2%5Zions Bancorporation-38.6%6Charles Schwab Corp-36.9%7Comerica Incorporated-33.9%8DISH Network-33.5%9KeyCorp-27.3%10Lincoln National Corp-25.8%11Centene Corporation-22.9%12Cigna Group-22.5%13APA Corporation-22.3%14Citizens Financial Group-22.1%15Enphase Energy Inc.-20.6%16Baxter International Inc.-19.9%17Truist Financial Corporation-19.9%18American International Group-19.8%19CVS Health Corporation-19.7%20Pfizer-19.6%21Gen Digital-19.5%22MetLife-19.4%23Huntington Bancshares-19.4%24Fidelity National-19.3%25Halliburton Company-19.2%26Molina Healthcare-19.0%27PNC Financial Services-18.8%28Boston Properties-18.4%29Fifth Third Bancorp-17.8%30Allstate Corporation-17.7%

Despite the tight monetary landscape, traditionally defensive sectors like energy, consumer staples, and healthcare also underperformed the broader index. This is a reversal from marke…

https://www.zerohedge.com/markets/visualizing-sp-500-2023-so-far