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Mega-Cap Market Caps vs the Energy Sector

Once a significant piece of the aggregate market, the energy sector now only comprises 2.9% of the S&P 500. That means the energy sector’s market cap is now smaller than Microsoft, Amazon, and Apple. The gap has widened substantially this year as Microsoft, Apple, and Amazon have shown resilience in the face of COVID-19, while the price of oil has declined precipitously.  Regardless of the cause, it is hard to decide which is more impressive, the sheer size of these mega-cap tech companies or the insignificance of the energy sector.

Chart Mega Cap Market Caps vs the Energy Sector 4 30 20

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