The S&P 500 is a stock index that tracks the performance of 500 of the largest U.S. publicly traded companies in any given year. In 1969, 166 out of the 500 companies listed on the index were industrials (33%) like automotive, petrochemical and manufacturing players.
In contrast, by 2019, there were only 70 industrials represented (14%), more than halving heavy industries’ representation on the index. In stark contrast, there were only 17 IT companies represented (3%) on the S&P 500 in 1969.
By 2019, that number had grown 4X to reach 68 companies (14%) on the index. Other sectors that have shown a similar growth trajectory in the US market is healthcare and real estate.
Dubai’s Roadmap to Becoming the Digital Economy Capital of the World
An overview on how the government of Dubai is taking aim at becoming a leader in everything from blockchain to artificial intelligence, cryptocurrency, digital assets and the metaverse. Here’s how Dubai plans on growing a digital economy worth over us $140 billion by 2031, and attracting more coders per capita than any other city on earth.
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