Adding over $200 billion in 1 day to top off the combined market caps of all 7 to nearly $12 Trillion. Just keep in mind the gdp of the US is just about $23 trillion!!!!! this has become nothing but a Casino. No longer is this investing!!! The Magnificent Seven add more than $200 billion to their market caps Provided by Dow Jones Nov 14, 2023 4:45 PM EST By Tomi Kilgore The combined market cap of the Magnificent Seven increased to $11.7 trillion, as tame inflation data fueled a broader market rally It was a magnificent day for the stock market Tuesday, highlighted by a strong performance by the Magnificent Seven technology giants, led by Tesla Inc. and Apple Inc. shares. The S&P 500 index SPX powered up 1.9%, with 466 components gaining ground, while the tech-friendly Nasdaq-100 Index NDX bulled 2.1% higher with 94 components rising. Investors cheered tame inflation data, which fueled hopes that interest rates may have peaked. The total market capitalization of the Magnificent Seven companies was $11.69 trillion at Tuesday's close, which represented about 29.1% of the total market cap of the S&P 500 companies of $40.11 trillion, according to a MarketWatch calculation of FactSet data. The Seven saw their aggregate market caps increase by $207.5 billion, based on the shares outstanding provided in the companies' latest quarterly filings, to reassert themselves as the market's leaders. Here's how each of the Seven made out on Tuesday: Alphabet Inc.'s stock GOOGL GOOG rallied $1.53, or 1.2%, $133.62, to add $19.15 billion to the internet search behemoth's market cap, which was $1.67 trillion at Tuesday's close. The stock, which closed at a three-week high, has run up 7.7% amid a 10-session stretch in which it has gained eight times. Amazon.com Inc. shares AMZN climbed $3.21, or 2.3%, to $145.80, to increase the e-commerce and cloud services company's market cap by $33.17 billion to $1.51 trillion. The stock closed at its highest price since April 25, 2022. Apple Inc.'s stock AAPL advanced $2.64, or 1.4%, to close at a 10-week high of $187.44. The technology behemoth's market cap got a $41.06 billion boost to $2.92 trillion, to maintain its lead as the most valuable S&P 500 company.Shares of social-media giant Meta Platforms Inc. META surged $7.12, or 2.2%, to $336.31, the highest close since Jan. 4, 2022. The stock has closed higher for eight straight sessions, the longest win streak since the 11-day stretch that ended Sept. 21, 2015. Meta's market cap rose by $18.30 billion on Tuesday to $864.3 billion. Shares of Microsoft Corp. MSFT, the second-most valuable S&P 500 company, moved up $3.59, or 1%, to $370.27, the fourth record close in the past six sessions. The software behemoth's market cap increased by $26.68 billion on Tuesday to $2.75 trillion. Nvidia Corp. shares NVDA shot up $10.36, or 2.1%, to $496.56, their first record close since Aug. 31. The semiconductor maker and artificial-intelligence play's stock has rallied 21.8% amid a 10-day winning streak, the longest such streak since the 10-day stretch that ended Dec. 27, 2016, according to Dow Jones Market Data. The company's market cap got a $25.59 billion lift Tuesday to $1.23 trillion. Tesla Inc.'s stock TSLA charged $13.70, or 6.1%, higher, to a one-month closing high of $237.41. The electric-vehicle maker's market cap swelled by $43.55 billion on Tuesday to $754.71 billion, which is $116.25 billion more than what it was at the end of October.
Maybe or maybe not. I would create a poll: Only way to push markets higher is with those 7 same stocks? yes NO
So algorithms would want to push markets lower?? Because we all know it's algorithms playing the games here.
Amazing how quick the pull back of 10% has been forgotten about, oh and the prediction of the 10yr staying above 5% seems to be a lost idea.
If they generate cash to do buybacks then why not? Where else would you rather park money at? Yields are still too low. I do like small caps and energy for swing trading, but not investing.
%% Casino: no its not a casino\ but a loser/ on the wrong side or missed all the move may think so LOL When in doubt zoom out/no doubt....... better than a bean sprout[Rhyme Zone helped