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A handful of stocks have driven much of this year’s rally. That’s becoming a serious problem on the way down.

Por: MarketWatch Politics September 25, 2023

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Since the S&P 500 reached its 2023 closing high of 4,588.96 on July 31, the index has fallen 5.5%, according to FactSet data through Friday’s close. Over the same period, most members of the so-called Magnificent Seven group of megacap technology stocks have underperformed, with Apple Inc. down 10%, Microsoft Corp. down 5.8% and Nvidia Corp. , the chip maker that has been the star of this year’s U.S. stock-market rally, down 9.4%. Despite... + full article



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