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Can the ‘Magnificent Seven’ Stocks Recover?

KEY TAKEWAYS The "Magnificent Seven" on Friday notched their fifth consecutive week of losses, the group's longest losing streak since 2022. The group has been hammered in recent weeks by fears about a U.S. recession fears and overspending on artificial intelligence. Analysts have mostly characterized the recent selloff as a natural pullback that, to some,…

ByPexecoAugust 11, 20240Comments

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Markets recap: Sharp retreat amid global tech wreck

Major global stock markets head for a negative close for the week as blue chips fell amid sector rotations, while the semiconductor stocks were hit by expectations of the US renewed chip export curbs on China. Stock markets across the globe are likely to end the week in the red due to a sharp retreat…

ByPexecoJuly 21, 20240Comments

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Can the ‘Magnificent Seven’ Stocks Recover?

Markets recap: Sharp retreat amid global tech wreck