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These ‘Magnificent 7' stocks remain ‘under water' since end of 2021 while Nasdaq still down despite huge 2023 rally
AppleApple(US:AAPL) Market Watch·2024-01-04 01:26

Stocks and bonds posted gains last year, but the big rise in markets in the final two months of 2023 wasn’t enough to leave the technology-heavy Nasdaq Composite up from the end of 2021.“Following the strong year in 2023, the S&P 500 is now +3% in two years, but the Nasdaq is still -2% since the end of 2021 despite the big gain,” wrote BofA Global Research equity and quant strategists in a BofA note Wednesday. The “Magnificent 7” is up 9% in two years, but Tesla Inc., Amazon.com Inc. and Google parent Alpha ...