Magnificent Seven Index Stalls in 2026, Trailing 300 S&P 500 Stocks
Updated
Updated · Bloomberg · Jul 9
Magnificent Seven Index Stalls in 2026, Trailing 300 S&P 500 Stocks
3 articles · Updated · Bloomberg · Jul 9
Summary
300 S&P 500 stocks have outperformed the Magnificent Seven this year, leaving the index essentially flat despite a broader 2026 equity rally.
AI-driven spending has still lifted other technology shares, underscoring how the market’s longtime leaders are no longer driving gains even as the boom they bankroll continues.
Names inside the group include Nvidia, Alphabet and Amazon, while even smaller companies such as Dollar Tree and Hubbell have posted stronger performance.
The lag marks a notable break from the nearly four-year bull run powered by US mega-cap tech, creating a growing problem for Wall Street’s usual market engine.