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Techs biggest companies are worth ~$5T as 2019s epic stock market run wraps

Look, this is the last post Im writing in 2019 and Im tired. But I cant let the year close without taking stock of how well tech stocks did this year. It was bonkers.
So lets mark the years conclusion with some notes for our future selves. Yes, we know that the Nasdaq has been setting new records and SaaS had a good year. But we need to dig in and get the numbers out so that we can look back and remember.
Lets cap off this year the way it deserves to be remembered, as a kick-ass trip round the sun for your local, public technology company.

Keeping score


Well start with the indices that we care about:



The tech-heavy Nasdaq Composite rose 35% in 2019




The SaaS-heavy Bessemer Cloud Index rose 41% this year



Next, the highest-value U.S.-based technology companies:



Microsoft was up around 55% in 2019




Apple managed an 86% gain in the year




Not be left out, Facebook rose 57%




Amazon posted its own gain of 23% in 2019




Alphabet managed to grow by 29%, as well



Now lets turn to some companies that we care about, even if they are smaller than the Big Five:



Salesforce? Up 19% this year




Adobe was up 46% in 2019, which was astounding




Intel picked up 28% in the year, making it no slouch




Even Oracle managed to gain 17% in 2019



And so on.
The technology industrys epic run has been so strong that The Wall Street Journal noted this morning that, powered by tech companies, U.S. stocks are poised for their best annual performance in six years. The Journal highlighted the performance of Apple and Microsoft in particular for helping drive the boom. I wonder why.

Public investors loved SaaS stocks in 2019, and startups should be thankful
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