While concerns about economic stability — brought on largely by the Trump administration's tariff policies — have weighed on investor sentiment this year, so far, the market has largely been pushing aside such anxieties. Since the start of the year, the benchmark S&P 500 index has gained approximately 12%. Much of that performance can be attributed to the so-called Magnificent Seven.
A group of innovative tech juggernauts that has dramatically outpaced the performance of the equities benchmark — especially in the last two to three years — the Mag 7 consists of the following: Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA).
