Recently, the UK chip design firm ARM had a successful IPO on the Nasdaq. It could possibly join the seven stocks that compose most of the value of the US stock market. Jim Cramer of CNBC used to call the tech stocks who led the market FAANG , but now he has a new group.Cramer says that the 'Magnificent Seven' stocks that now lead the market are Apple, Microsoft, Nvidia, Amazon, Meta, Tesla and Alphabet. If the market agrees, ARM may be part of that in the future.
When the ten-year bond has a high yield, fewer investors are willing to finance risky ventures and prefer instead to keep their money in these instruments.In other traditional sectors, a lot of the small- and medium-sized companies in the Russell 2000 are barely making it. Many of them are just earning enough to pay their employees and service their current low-interest debts.