"Earnings Season: The Magnificent Seven's Impact on Stock Market and Global Events"

Despite mixed performances from tech giants like Apple and Tesla, the Magnificent Seven tech stocks, including Alphabet, Microsoft, Nvidia, Amazon, and Meta, now make up almost 30% of the S&P 500, surpassing the combined weight of several other sectors. The group's record weighting comes amid a broad rally in technology shares, with Nvidia's stock surging 81% this year and Meta and Amazon also posting significant gains. However, Tesla's stock slump has weighed down the group, as the company faces challenges with electric vehicle demand.