Mag 7 growth will decelerate, broaden to S&P 493: BofA Chart

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The Magnificent Seven — the grouping of tech stocks Meta Platforms (META), Microsoft (MSFT), Alphabet (GOOGL, GOOG), Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA) — has been a tremendous growth driver for the S&P 500 (^GSPC), particularly in 2024. But is it about time for this growth trend to broaden out to other corners of the market?

Yahoo Finance anchor Madison Mills dissects Bank of America's forecast of where it sees growth drivers reaching the other 493 names in the S&P a year from now.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

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