Magnificent Who? The S&P 500 Powers Ahead Without Big Tech. - Barron's
1. The Magnificent Seven stocks account for a third of the S&P 500. 2. Investors want more stocks to join the bull rally for stability. 3. Recent concerns about AI cost-effectiveness weigh on tech valuations. 4. S&P 500 set new highs despite weak performance from big tech. 5. Strong economic data supports gains in broader market sectors.