"Magnificent 7 Stocks: Q1 2024 Reality Check"
TL;DR Summary
The S&P 500 closes the first quarter of 2024 at a new record high, with only four of the Magnificent Seven tech stocks - Amazon, Meta, Nvidia, and Microsoft - carrying the momentum, while Apple continues to struggle. Other sectors such as Energy, Materials, Utilities, and Financials also benefited and were the best-performing sectors for the first quarter. The market's broadening gains and the rise of other sectors indicate a shift from the initial tech-driven market performance.
Topics:business#finance#first-quarter-2024#magnificent-seven#market-performance#sandp-500#tech-stocks
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