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Concentrated bets on a handful of mega-cap technology names drove most of the S&P 500’s returns over the past three years, and Roundhill built MAGS to deliver that exposure in one ticker without forcing investors to guess which name will lead next. The Single-Decision Mega-Cap Tech Sleeve The Roundhill Magnificent Seven ETF (NYSEARCA:MAGS) holds seven ... MAGS Is Up 181% Since Launch, but 2026 Reveals Its Hidden Weakness

For the first time in weeks, headlines out of the Middle East are driving the stock market. The Dow dropped 530 points, or 1.1%. The S&P 500 fell 0.5%. The Nasdaq slipped 0.4%. The S&P and Nasdaq are pulling back from closing highs on Friday, while the Dow has yet to recover to its highs from earlier in the year.

Earnings for State Street Technology Select Sector SPDR members are expected to be up 43% this year from last and rise another 24% in 2027.

The stock market was gaining steam as a chip stock rally overcame some Mag 7 woes. The Nasdaq was up 0.9%. The S&P 500 was up 1%. The Dow was up 822 points, or 1.7%. The Roundhill Magnificent Seven ETF was still down 1%, but the iShares Semiconductor ETF surged 2.

The S&P rose 0.1% to top last week’s record close. The Nasdaq, which also ended the past week at a record, rose 0.2%. With five of the Magnificent Seven stocks set to report results later in the week, Wall Street was adding exposure to those stocks and not much else.

The S&P 500 was rising with a wave of Magnificent Seven stocks set to report results this week. The Roundhill Magnificent Seven ETF was up 0.9% on a day when the S&P 500 was up 0.1%. The Invesco S&P 500 Equal Weight ETF, which weighs every S&P 500 stock the same, was flat.