The 7 largest stocks in the S&P 500 have returned 92% on average this year—but ‘it's not terribly healthy' for marketsNo, not the movie with Yul Brynner and Steve McQueen or the remake with Denzel Washington. Rather, they're keeping an eye on the seven largest stocks in the S&P 500. Those are, in order of market capitalization : Apple, Microsoft, Alphabet, Amazon.com, Nvidia, Tesla and Meta Platforms.
The difference is the"Magnificent Seven." As a group, these stocks have returned 92% in 2023 on average. In a popular analogy for the latter scenario, technical analysts might say that the generals are charging while the soldiers are in retreat. "It's more often than not that some of the larger-cap names are going to drive performance," she says."It becomes a bigger risk when it's … dramatic underperformance by basically the rest of the index."
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