Finding Great Businesses Within the Semiconductor Ecosystem twst.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from twst.com Daily Mail and Mail on Sunday newspapers.
Can sizzling Magnificent Seven trade keep powering US stocks in 2024? By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
As a strong year in U.S.
stocks comes to a close, fund managers face a potentially
consequential choice in 2024: stick with the few massive growth
and technology names that have powered equity indexes.
As a strong year in U.S. stocks winds down, fund managers face a potentially consequential choice in 2024: stick with the few massive growth and technology names that have powered equity indexes higher, or take a shot on the rest of the market. Shares of the so-called Magnificent Seven – Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla – have individually soared between around 50% and 240% in 2023, making them among the market's most rewarding bets. Because of their heavy weightings in the S&P 500, the seven were responsible for nearly two-thirds of the benchmark index's 24% gain this year.
Can magnificent seven trade keep powering US stocks? inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.