The Magnificent 7 isn’t that magnificent: 5 of the stocks have underperformed the market this year

S&P 500 futures were up 0.44%  this morning after the index lost 1.07% on Friday, a day after setting a new all-time high on Dec.11.The index is still up 16% year-to-date—an above-average performance for U.S. stocks. Analysts have long complained that the index is dominated by the “Magnificent 7” tech stocks. Between October 2022 and November 2025 roughly 75% of gains in the S&P 500 came from this handful of companies.But as we draw near to the close of the year, only two of those stocks—Alphabet and Nvidi ...