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Magnificent Who? The S&P 500 Powers Ahead Without Big Tech.
Magnificent Who? The S&P 500 Powers Ahead Without Big Tech. · Barrons.com

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Hopeful investors are holding their breadth. For the past two years, it has been hard to escape the Magnificent Seven, the big tech stocks that powered so much of the recent bull run that they now account for about a third of the an index that is weighted by market capitalization. Although the stocks— Alphabet Amazon.com Apple Meta Platforms Nvidia and Tesla —don’t really trade in lockstep, meaning the market risk they pose isn’t as concentrated as it appears at first blush, investors have long been hopeful that more stocks would join in the rally.