Unprecedented Event Shakes U.S. Stock Market as Dow Jones Falls and Apple Dominates Best Stocks

In a rare occurrence, all seven members of the "Magnificent Seven" megacap technology stocks, including Apple, Amazon, and Tesla, finished in the red while the major U.S. equity indexes reached fresh 52-week highs. This raises questions about leadership in the U.S. stock market going forward. The Nasdaq-100 managed to finish in the green without any help from the "Mag 7" stocks, a rare event that has only happened once before in 2016. Additionally, the PHLX Semiconductor Index reached a record high without support from Nvidia. Market strategists suggest that this may indicate a potential rotation in sector leadership, but caution against drawing definitive conclusions.