📈 Tech Fueled U.S. Stock Market’s Global Dominance (2012–Q1 2025)

The technology sector has been the primary driver of the U.S. stock market’s global dominance. From 2012 to Q1 2025, the NASDAQ’s share of global market capitalization surged from 8.7% to a peak of 24.7% in 2024, before easing to 22.3% in April 2025. By contrast, the NYSE’s share held relatively steady—averaging 27% over the period and standing at 25.8% in April 2025. This divergence underscores the tech sector’s pivotal role in reshaping the global equity landscape.