Magnificent 7 Hits 31% Weighting for S&P 500, Top 5 Holdings Hit 27% Weighting: Will Investors Look Elsewhere?
The Magnificent 7 stocks make up 31% of the S&P 500, which is the highest weighting realized in years.
EXCLUSIVE: GameStop, AMC Buzz ‘May Prove To Be Short-Lived,’ CEO Of Company Behind MEME ETF Tells Benzinga
The company behind the MEME ETF shares what it would take to bring the meme stock fund back to the market.
Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What’s Driving Markets Friday?
Strong earnings reports from Alphabet Inc. (NASDAQ:GOOGL) and Microsoft Corp. (NASDAQ:MSFT) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had
Magnificent 7 Tumble, Wipe Out $300 Billion On Meta’s Weak Guidance, Q1 Stagflation Woes
Tech stocks plummet as Magnificent 7 giants lose $303B in market value. Meta Platforms issues weak guidance, GDP growth slows and inflation rises.
Fund Managers Are The Most Optimistic Since 2022: ‘Bull Sentiment Not Quite At Close-Your-Eyes-And-Sell Levels’
Fund managers are increasingly optimistic about global equities, with a net 34% overweight position, the most substantial since early 2022.
Traders Brace For Inflation Data, June Rate Cut Hopes Hang By Thread: 10 ETFs That Could Be Volatile Wednesday
Investors eagerly await March inflation data from Bureau of Labor Statistics, expected to show CPI up to 3.4% and core inflation at 3.7%.
S&P 500, Nasdaq 100 Eye Record Close As Magnificent 7 Rally, Bitcoin Rebounds: What’s Driving Markets Thursday?
US equities rallied on Thursday as investors expected slower labor market growth and potential rate cuts. AI-related stocks and major indices all saw gains.
Small Caps Rally, Magnificent 7 Ease, Gold Eyes $2,200, Bitcoin Falls Below $69,000: What’s Driving Markets Wednesday?
Wall Street witnessed a mixed session on Wednesday morning trading, with tech giants seeing slight declines while blue chips and small caps recording gains.
Manufacturing Rebound Puts Markets Between ‘Goldilocks’ And ‘Reflation Flirtation’: Goldman Sachs
Goldman Sachs predicts a favorable juncture for risky assets as global manufacturing activity aligns with service sector growth, bolstering investor confidence.
What Are The Magnificent 7 Stocks? Why Do They Dominate The Market?
The Magnificent Seven stocks are high-profile tech stocks that have delivered outstanding returns in recent years. Coined by Bank of America, they include Microsoft, Amazon, Meta, Apple, Alphabet, and Nvidia.