- ‘Magnificent Seven’ tumble after rally of about 70% in 2024
- S&P 500 trims this week’s advance amid anemic volume
A selloff in the world’s largest technology companies hit stocks in the final stretch of a stellar year.
In another session of slim trading volume — which tends to amplify moves — the S&P 500 lost over 1% and the Nasdaq 100 slipped nearly twice as much. Almost every major industry fell, with Tesla Inc. and Nvidia Corp. leading losses in megacaps. That’s after a torrid surge that saw the tech behemoths dubbed “Magnificent Seven” accounting for more than half of the US equity benchmark’s performance in 2024.
https://www.bloomberg.com/news/articles/2024-12-26/stock-market-today-dow-s-p-live-updates
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