35.5% of S&P 500 now held by top-heavy "Magnificent Seven" tech giants, dominating major indexes.
35.5% of the S&P 500 is now held by the "Magnificent Seven" tech giants: Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla. This concentration has made the S&P 500 a top-heavy index, with mega-cap growth stocks dominating major indexes like the S&P 500 and Nasdaq Composite. These changing market dynamics may require investors to reconsider their portfolio strategies.
July 09, 2024
3 Articles