The stock market’s magnificent seven is now the fab four

(Image: Getty)

Tue, 02 Apr 2024

By Hardika SinghThe Magnificent Seven trade is beginning to fizzle – and yet, the stock market is still heading higher.The S&P 500 climbed 10% in the first quarter, its best start to a year since 2019, even though two of its biggest constituents suffered double-digit declines. Apple shares fell 11% in the first three months of the year, while Tesla dropped almost 30%. Alphabet shares sputtered for much of the period before making a run in the past three weeks and ending up 8%.The other four big tech stocks in the group known as t...

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