The giant tech stocks of the Magnificent 7 are making index funds, passive investors’ favorite safe investing tool, riskier.
While not as high as previous stellar years, the S&P 500, which tracks the broader market, still recorded a double-digit gain last year of 16.39%, several percentage points higher than the index’s 10% average annual return, not accounting for inflation, according to now-retired senior index analyst for S&P Dow Jones Indices, Howard Silverblatt.
