[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-565403-105":53,"doc-detail-565403-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","three-on-thursday-the-sp-500-index-2025-recap","Three on Thursday - The S&P 500 Index 2025 Recap","","Three on Thursday provides a 2025 recap of the S&P 500 Index, highlighting a total return of 17.9% after strong prior years. It explains how the benchmark tracks 500 large, market-cap-weighted U.S. companies while noting sharp mid-year volatility, including an almost 19% first-half decline. The report quantifies concentration impacts from the “Magnificent 7,” discusses member outperformance breadth, and attributes total return primarily to earnings growth, alongside disclaimers about illustrative index data.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":11,"@type":70,"position":76},"https://docshare.wps.com/template/presentations/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/three-on-thursday-the-sp-500-index-2025-recap/565403/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/three-on-thursday-the-sp-500-index-2025-recap/565403.png","ImageObject",442,249,{"name":88,"@type":89},"Jacob","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-22","2026-10-13",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",6,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What was the S&P 500 Index’s total return in 2025?","Question",{"text":109,"@type":110},"The S&P 500 Index delivered a total return of 17.9% in 2025.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How did the “Magnificent 7” affect the index’s 2025 return?",{"text":114,"@type":110},"The “Magnificent 7” carried a combined 32.9% weighting but accounted for 42.5% of the Index’s 17.9% total return.",{"name":116,"@type":107,"acceptedAnswer":117},"What drove most of the S&P 500’s 2025 gains?",{"text":118,"@type":110},"Most of the 17.9% total return came from earnings growth, with about 13.5 percentage points (over 75%) driven by higher EPS.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},565403,1792181312,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":9,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":4},962084931830,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","THREE ON THURSDAY  \nFIRST TRUST ECONOMICS  \nJanuary 8, 2026  \nThe S&P 500 Index 2025 Recap  \nIt’s been a remarkable run for the S&P 500 Index (the“Index”), and 2025 was no exception. After surging 26.3% in 2023 and 25.0% in 2024, the Index followed up with a total return of 17.9% in 2025—capping three consecutive years of exceptional performance. This week’s edition of Three on Thursday takes a closer look at the S&P 500 Index in 2025. Widely viewed asthe benchmark for the U.S. equity market, the Index tracks 500 of the largest publicly traded companies and is weighted by market capitalization, giving greater influence to the biggest firms. While the year ended strongly, the path was anything but smooth. The S&P 500 Index experienced significant volatility along the way, including an almost 19% decline during the first half of the year before rebounding to finish well in the green. Below are three charts to offer a fuller picture of the events that unfolded in 2025.  \nS&P 500 Index 2025 Attribution (Percentage Points)  \n20%  \n18%  \n16%  \n14%  \n12%  \n10%  \n8%  \n6%  \n4%  \n2%  \n0%  \n10.3%  \n\n|  |  |  |  |\n| --- | --- | --- | --- |\n|  |  |  |  |\n|  |  |  |  |\n|  |  |  |  |\n|  | 0 4% | 0 2% | 0.2% |\n| 2 5% | 1. 1%  0.4%  .  | .\u003Cbr>|  |\n| \u003Cbr>. |  |  |  |\n| 2.7% |  |  |  |\n| |  |  |  |\n\nNVDA GOOG MSFT META AAPL TSLA AMZN All Other Stocks  \nSource: Capital IQ, First Trust Advisors. Data from 12/31/24-12/31/25 .  \nPercentage ofS&P 500 Index Members Outperforming the Index in 2025  \n80%  \n70%  \n60%  \n50%  \n40%  \n30%  \n20%  \n10%  \n0%  \n\n| 3%\u003Cbr>67%\u003Cbr>% |\n| --- |\n| 6\u003Cbr>61\u003Cbr>54%\u003Cbr>57%\u003Cbr>%\u003Cbr>59%\u003Cbr>56%\u003Cbr>2%\u003Cbr>2%\u003Cbr>%\u003Cbr>57% |\n| %\u003Cbr>2%\u003Cbr>2%\u003Cbr>51\u003Cbr>49%\u003Cbr>45%\u003Cbr>49%\u003Cbr>48%\u003Cbr>47%\u003Cbr>5\u003Cbr>5\u003Cbr>47%\u003Cbr>51\u003Cbr>3%\u003Cbr>45%\u003Cbr>46%\u003Cbr>48% |\n| 40\u003Cbr>4\u003Cbr>4\u003Cbr>%\u003Cbr>4\u003Cbr>3%\u003Cbr>% |\n| 29%\u003Cbr>31\u003Cbr>3\u003Cbr>27%\u003Cbr>28%\u003Cbr>30 |\n|  |\n|  |\n|  |\n\n'95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 Source: Capital IQ, First Trust Advisors. Annual data from 1995-2025.  \nThe S&P 500 Index 2025 Recap  \nPercentage Point Contribution  \n40  \n30  \n20  \n10  \n0  \n-10  \n-20  \n-30  \n\n| 31.5\u003Cbr>| 2.6 |  | 28.7\u003Cbr>| 1.8 | 26.3 | 25.0 |  |  |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- |\n| |  |  18.4 2.1 | |  |  1.6 |  1.0 |  | 17.9\u003Cbr>1.5 |\n|  |  | | 33.4 |  | \u003Cbr>17.3 | \u003Cbr>10.6 | 2.5 | |\n| 26.5\u003Cbr>|  | 22.2 |  | 2.5  1.8 | \u003Cbr>6.4 | \u003Cbr>12.2 |  | \u003Cbr>13.5 |\n| 1.9 |  | -4.9\u003Cbr>| -4.9\u003Cbr>| -21.8 |  |  |  |  |\n|  |  |  |  | |  |  |  |  |\n| -18.1 |  |  |  |  |  |  |  |  |\n\n2019 2020 2021 2022 2023 2024 2025  \n EPS Growth  P/E Expansion  Dividends  Total Return  \nSource: Bloomberg, First Trust Advisors. Annual data from 2019-2025. EPS is earnings per share. P/E is price-to-earnings. Return drivers may not sum exactly to total return because earnings growth and multiple expansion compound rather than add.  \nThe “Magnificent 7”—Apple, NVIDIA, Microsoft, Amazon, Tesla, Alphabet, and Meta—carried a combined weighting of 32.9% in the S&P 500 Index during 2025, yet accounted for 42.5% of the Index’s 17.9% total return. Some broadening is occurring as this marked the first time since 2021 that the group contributed less than half of the market’s annual returns. NVIDIA once again delivered the largest contribution, rising 38.9% on the year and adding 2.7 percentage points to the S&P 500 Index’s total return. That said, Alphabet posted the strongest performance of the seven, surging 66.0% in 2025. The composition of the “Magnificent 7” no longer perfectly reflects the seven largest companies in the Index by market capitalization. Broadcom has now surpassed Tesla, effectively taking the seventh spot. If Broadcom were substituted for Tesla, the revised group’s contribution to the S&P 500 Index’s 2025 return would rise to 47 .9% .  \nIn 2023, only 26.9% of stocks outperformed the S&P 500 Index, making it the narrowest market since at least 1995. The trend continued in 2024, with just 27.7% of stocks bea","cbCaicyG7YiSw5Rg","https://ap.wps.com/l/cbCaicyG7YiSw5Rg","pdf",208560,"English","# The S&P 500 Index 2025 Recap\n## Market performance and volatility\n## Concentration of “Magnificent 7” returns\n## Breadth of member outperformance\n## Return drivers: EPS, P/E expansion, dividends\n## Index and investment disclaimers","[{\"question\":\"What was the S\\u0026P 500 Index’s total return in 2025?\",\"answer\":\"The S\\u0026P 500 Index delivered a total return of 17.9% in 2025.\"},{\"question\":\"How did the “Magnificent 7” affect the index’s 2025 return?\",\"answer\":\"The “Magnificent 7” carried a combined 32.9% weighting but accounted for 42.5% of the Index’s 17.9% total return.\"},{\"question\":\"What drove most of the S\\u0026P 500’s 2025 gains?\",\"answer\":\"Most of the 17.9% total return came from earnings growth, with about 13.5 percentage points (over 75%) driven by higher EPS.\"}]","Three on Thursday - The S&P 500 Index 2025 Recap | PDF",1791853172]