Magnificent Seven stocks are riding high again after Fed cut [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
Unlike this summer, however, where shifts in the market saw a massive stock rotation out of mega-cap companies, this new boom is unlikely to come at the expense of the tech giants largely responsible for driving major indices to record highs. All seven members of the so-called Magnificent Seven —a movie-inspired moniker that refers to Alphabet Amazon Apple Meta Microsoft Nvidia , and Tesla —saw their stocks surge along with the overall market on Thursday as the Dow closed above 42,000 for the first time. As stocks held relatively steady on Friday, Meta led the way with a 7% gain for the week. As of Friday afternoon, however, shares of Nvidia and Tesla were down roughly 2% and 3% for the session, respectively. The Roundhill Magnificent Seven ETF was down slightly on the day but has gained 3% this week. As many companies struggled to navigate a high inflationary environment over the last few years, America's tech behemoths helped buoy the market. The Magnificent Seven accounted fo
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Earnings
- 7/16/24 - Beat
MS
Sec Filings
- 9/20/24 - Form 424B2
- 9/20/24 - Form 424B2
- 9/20/24 - Form 424B2
- MS's page on the SEC website