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WEKU
WEKU
David Gura

Wall Street calls them 'the Magnificent 7': They're the reason why stocks are surging

This year's rally has really depended on seven stocks that Wall Street refers to as 'The Magnificent Seven': Apple, Amazon, Alphabet, NVDIA, Meta, Microsoft and Tesla (Michael M. Santiago/Getty Images)

The year started with a lot of anxiety about a potential recession, but it's ending with Wall Street on a tear.

The S&P 500, a broad-based group of stocks that includes many of the world's biggest and best-known companies, is up more than 21% so far this year.

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