Magnificent 7 Start to Fragment -- Market Talk

Dow Jones
02 May

0905 GMT - The group of U.S. tech giants known as the Magnificent 7 is showing signs of fragmentation in the latest earnings season, XTB research director Kathleen Brooks writes in market comments. Microsoft and Meta Platforms reported strong results that fueled large gains in their stock, Brooks says, while caution on tariffs from Apple and Amazon.com is weighing on their shares. Alphabet's Google also had a strong quarter and Nvidia is expected to follow suit later this month, she adds. "The Magnificent 7 seem less like a homogenous group these days," Brooks says. (mauro.orru@wsj.com)

 

(END) Dow Jones Newswires

May 02, 2025 05:05 ET (09:05 GMT)

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