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Goldman Sachs cuts S&P 500 target, citing Maleficent 7 weakness

The Magnificent Seven — the group comprised of tech stocks Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), and Apple (AAPL) — has been relabeled as the "Maleficent" Seven by Goldman Sachs. Brad Smith and Madison Mills take a closer look at the analyst note as the Goldman team also cut its S&P 500 (^GSPC) year-end target to 6,200 amid recent megacap tech stock sell-offs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.