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Piero Cingari

Magnificent 7's Reign Rolls On, Powell Puts Chill On Rate-Cut Hopes: This Week In Markets

Jerome Powell Amazon Meta US Federal Reserve Alphabet Apple GM Microsoft Nasdaq

wall street mid4

Wall Street's love affair with mega-cap tech shows no signs of cooling. The S&P 500 just wrapped up its sixth straight month of gains, climbing more than 40% since the post-tariff lows in April. But once again, it's the so-called Magnificent Seven doing the heavy lifting.

Nvidia Corp. (NASDAQ:NVDA), Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META), and Tesla Inc. (NASDAQ:TSLA) now boast a combined market value north of $22 trillion. Nvidia alone has crossed an unprecedented $5 trillion valuation, cementing its role as the world's most valuable company.

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One subscription that gives you access to news from hundreds of sites

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