The “Magnificent Seven”—Apple, Amazon, Tesla, Microsoft, Meta, Nvidia, and Alphabet—are stocks known for their skyrocketing climb in 2023, leaving the rest of the S&P 500 in the dust. But now, Tesla’s in the red after falling 25% in the last four weeks. So why are these technology companies so important to the stock market? WSJ’s Gunjan Banerji explains what Tesla’s slide says about this elite group of tech stocks and why investors are concerned.
News Explainers Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day’s biggest stories into bite-size pieces to help you make sense of the news.
Source: Invidious