News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
$888.2 billion That's how much the Mag Seven tech stocks have collectively lost in market value today, as of midday trading. It's the biggest one-day market cap decline for those names since the tariff turmoil of April 2025.
The Magnificent Seven will again reign supreme over S&P 500 earnings, but their dominance is fading. As second-quarter earnings reports start to flow in, analysts expect the Magnificent Seven companies to grow earnings by a combined 31.1%. The other 493 S&P 500 companies are expected to increase earnings 22.8%, FactSet Senior Earnings Analyst John Butters wrote in a report.
The PHLX Semiconductor Index hit a record high in late June and has since tumbled nearly 20%
Memory stocks are in a bear market, but the Magnificent Seven are back on the offense — leading the market higher once again.
This year's second quarter was a blockbuster period for tech stocks. The PHLX Semiconductor Index—which houses chip stocks like Nvidia and Broadcom—has climbed 81% through yesterday, putting it on track for its best quarter in history. Once darlings of the industry, some of the biggest names in tech have fallen out of favor with investors as they fret about these companies' big AI spending commitments.
After weeks of large-scale alarms that turned out to be false starts, equities finally found a real problem — the one they spent two years celebrating.
The market has the most to lose if the central bank raises interest rates. Its rally is powered by tech and AI, making it risky, risky, risky.
The stock market ended another turbulent week on a high note amid all the buzz of SpaceX’s initial public offering. The Dow Jones Industrial Average rose 353 points, or 0.7%. The S&P 500 gained 0.5%. The Nasdaq rose 0.
The Magnificent Seven's first-quarter earnings are in the books, and the seven companies registered their best profit growth in nearly five years. All remain pillars of the S&P 500 index. Collectively, Mag 7 earnings jumped 63.2% year over year, according to a report from FactSet.
Apple’s next major growth wave may come less from iPhones and more from its booming high-margin Services ecosystem, with Evercore ISI seeing a path to $13 in EPS.
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.