These ‘Magnificent 7' stocks remain ‘under water' since end of 2021 while Nasdaq still down despite huge 2023 rally
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 ...