The “Magnificent Seven”: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla hit a new milestone.
Together, they now make up 35% of the S&P 500’s total market value, the highest share on record.Their combined market capitalization has reached $20.7 trillion, a staggering jump from holding 29% of the index in 2023. That’s nearly one-third of the U.S. stock market concentrated in just seven companies.The surge highlights the outsized role of mega-cap tech in driving market gains, but also shows how dependent the S&P 500 has become on a small group of firms. When these stocks rise, the index soars. If they stumble, the risks spread across the entire market.Source: StockMarket.News
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