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The stock market rally has broadened out from the Magnificent Seven. Here's why

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Pockets of the stock market that lagged to start the year are catching up to influential tech companies that had been leading the charge.

A resilient U.S. economy is giving investors increased confidence to move beyond the "Magnificent Seven" tech stocks and into corners of the market that had lagged. This broadening trend has helped lift non-tech stocks and represents a positive development for the market over the long run. Over the past month, a notable shift in performance has occurred among the 11 sectors of the S & P 500 .

A resilient U.S. economy is giving investors increased confidence to move beyond the "Magnificent Seven" tech stocks and into corners of the market that had lagged. This broadening trend has helped lift non-tech stocks and represents a positive development for the market over the long run.

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