The Other 496 S&P Stocks – Wall Street Journal (subscription)

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When one third of the S&P 500’s gain comes from four stocks, there aren’t many ways to beat the market without them.

A good year for the stock market would be a lot less exciting if it hadn’t been for the shares of Amazon.com, Apple, Google parent Alphabet and Facebook. The combined market value of the four companies has increased by more than $500 billion since the start of the year, making them a major force behind the S&P…