Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the start of the fourth quarter of 2024 showed their returns diverging and the whole group came under selling in recent months before rebounding.
Nvidia stock jumped on Thursday after CEO Jensen Huang said demand for its next-generation Blackwell chips has been "insane."
Small caps paced midday declines in the stock market today while gold miners fell sharply. China-based highfliers took a breather. But the Russell 2000, which at one point lost more than 1%, bounced mildly off session lows.