In 2024, the US stock market experienced substantial growth, with over $7.11 trillion added to its market capitalization. This surge has increased the total market value of the US stock market to approximately $63.8 trillion, nearing an all-time high. Notably, the S&P 500 contributed significantly, adding around $10 trillion in market cap throughout the year. Additionally, the Magnificent 7 stocks, which include major tech companies, have collectively added $5 trillion to their market value, bringing their total worth to over $16 trillion. This figure surpasses the entire European stock market by approximately $2.5 trillion, as measured by the Euro Stoxx 600 Index.