Big Tech Drives S&P 500 Higher As Magnificent Seven Surge 20% [Yahoo! Finance]
Microsoft Corporation (MSFT)
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Source: Yahoo! Finance
the broader rally could have further room to run despite ongoing geopolitical risks tied to tensions with Iran. Since the market bottom on March 30, the technology sector has staged a notable reversal, moving from the weakest group in the index to the strongest. A basket of the Magnificent Seven has climbed 20% over that stretch, recovering from a 17% decline from its October peak. Microsoft Corp. ( NASDAQ:MSFT ) has been a key example of that shift, rising 19% after falling 34% from its late-October high to its late-March low, reinforcing the view that sustained upside in the index may depend heavily on continued leadership from large-cap technology names. Warning! GuruFocus has detected 7 Warning Sign with BAC. Is SPY fairly valued? Test your thesis with our free DCF calculator. The move has been highly concentrated, with Nvidia Corp. ( NASDAQ:NVDA ), Amazon.com Inc. ( NASDAQ:AMZN ), Microsoft Corp., Broadcom Inc. ( NASDAQ:AVGO ), Alphabet Inc. ( NASDAQ:GOOG ), Meta Platforms
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