magnificent seven

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Optimism about the U.S. economy sends stocks to a new record

The S&P 500, a broad-based index of stocks, broke above 5,000 for the first time ever. Spencer Platt/Getty Images hide caption

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Spencer Platt/Getty Images

Optimism about the U.S. economy sends stocks to a new record

February 9, 2024 • The S&P 500 index hit 5,000 for the first time ever, propelled by Wall Street's optimism the Federal Reserve is going to cut interest rates.

The S&P 500 surges to a record high as hopes about the economy — and Big Tech — grow

The S&P 500 hit a record high on Friday, boosted by gains in technology share and by rising hopes about the economy. Michael M. Santiago/Getty Images hide caption

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Michael M. Santiago/Getty Images

The S&P 500 surges to a record high as hopes about the economy — and Big Tech — grow

January 19, 2024 • The index surged over 1% to hit a record high, surpassing the previous peak hit around two years ago, driven by big gains in large tech companies and by hopes about the economy.

Wall Street calls them 'the Magnificent 7': They're the reason why stocks are surging

This year's rally has really depended on seven stocks that Wall Street refers to as "the Magnificent Seven": Apple, Amazon, Alphabet, NVDIA, Meta, Microsoft and Tesla Michael M. Santiago/Getty Images hide caption

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Michael M. Santiago/Getty Images

Business

Wall Street calls them 'the Magnificent 7': They're the reason why stocks are surging

December 13, 2023 • The S&P 500 has surged this year, but most of those gains are thanks to a handful companies nicknamed "the Magnificent Seven." And that's worrying Wall Street.

Wall Street calls them 'the Magnificent 7': They're the reason why stocks are surging

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