div > div.group > p:first-child"> Ten equities, including Apple, Amazon and Microsoft, account for nearly 25 percent of the S&P 500's rise since the bull market began on March 9, 2009, according to Goldman's chief U.S. equity strategist.
"Information Technology contributed 22 percent of the index-level return during the past decade," Kostin added ."Sales growth accounted for more than half of the tech earnings growth with margin expansion contributing the balance." But Kostin also highlighted financials stocks, which are responsible for 15 percent of the S&P 500's return since 2009. Energy, meanwhile, is the only sector where the level of earnings per share actually declined over the past 10 years.
The S&P 500 marked an intraday bottom of 666, on March 6, 2009, and posted a low close of 676 a few days later on March 9.
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