S&P 500 Stays Afloat. Tech Powers Gains.
The Magnificent Seven stocks are keeping the S&P 500 afloat.
The market benchmark was up just 0.1% in recent trading. The Dow, which lacks many of the key Big Tech names, was down nearly 200 points, or 0.5%. The Nasdaq Composite was up 0.8%.
For the S&P 500, only 183 of its stocks were on the rise, but that number includes the much-talked-about Mag 7. Apple is up 0.5%; Microsoft and Nvidia are up 0.9%; Amazon.com is up 1%; Meta Platforms is up 1.2%; Alphabet is up 1.4%; and Tesla is up 2.3%.