Magnificent Seven Stocks Keep Rolling. Overall Market Breadth Is Bad.
Core Insights - The stock market experienced a pullback after reaching record levels, with major indexes being supported by the performance of the Magnificent Seven stocks [1] Group 1: Market Performance - The Roundhill Magnificent Seven ETF increased by 0.4% [2] - Tesla and Amazon.com saw gains of 1.7% each, while Apple rose by 1.2% and Meta Platforms increased by 0.5% [2] - Alphabet, Microsoft, and Nvidia experienced slight declines, with none falling more than 1% [2]