The stock market’s resilience in recent years, particularly the S&P 500’s historic run, has perplexed many, with some experts now suggesting that the index’s performance is driven by a handful of mega-cap companies rather than the broader economy.
What Happened: More than half of the S&P 500’s total growth in 2023 and 2024 was attributed to the so-called Magnificent Seven: Nvidia Corp., Apple Inc., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., Microsoft Corp., and Tesla Inc..
