The S&P 500 is back in record territory as the ‘Magnificent Seven’ ride to the rescue
After trading sideways for much of the past year, the “Magnificent Seven” have been staging a comeback, helping to re-energize a bull market threatened by rising bond yields and stubbornly high crude-
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# S&P 500 Reaches Record Highs Driven by Magnificent Seven Rally The S&P 500 index has reached record territory as the "Magnificent Seven" mega-cap technology stocks (Apple, Microsoft, Google, Amazon, Tesla, Nvidia, and Meta) have staged a significant comeback after months of sideways trading, counteracting headwinds from elevated bond yields and elevated crude oil prices. This concentrated rally among the seven largest companies is re-energizing the broader bull market, which had faced pressure from macroeconomic concerns throughout the year
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