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Stock market analysts have been closely watching "The Magnificent Seven." Rather, they're keeping an eye on the seven largest stocks in the S&P 500. So far this year, this group of mega-sized firms are buoying the performance of the U.S. stock market. As a group, these stocks have returned 92% in 2023 on average. If a move in the stock market shows broad movement across a wide swath of stocks, then it's thought to be strong.
Persons: Yul Brynner, Steve McQueen, Denzel Washington, Liz Ann Sonders, Charles Schwab, It's, Tesla, it's, Liz Young Organizations: Apple, Microsoft, Nvidia, Tesla
It's no secret that market leadership has become more concentrated over the years, but this is ridiculous. That one company is Microsoft , the behemoth with the $2.35 trillion market cap and, it seems, a position in the driver's seat on where the market goes next. In his weekly breakdown of money flows through the financial markets, BofA investment strategist Michael Hartnett said Microsoft needs to reassert itself or face dragging down the rest of the stock market. MSFT YTD line Microsoft as market leader That's why it holds such a pivotal position in determining how things go from here. Harnett noted that the equity put/call ratio has hit its highest point since the collapse of Silicon Valley Bank in March, "a bad sign if stocks can't hold hold here."
Persons: Michael Hartnett, Hartnett, That's, Yul Brynner, Brynner, Chris Adams, gunfighters, Harnett, swoon Organizations: Bank of America, Microsoft, Dow Jones, Silicon Valley Bank Locations: Thursday's, Silicon
ROME (AP) — Italian film legend Gina Lollobrigida, who achieved international stardom during the 1950s and was dubbed “the most beautiful woman in the world” after the title of one of her movies, died in Rome on Monday, her agent said. Lollobrigida also was an accomplished sculptor, painter and photographer, and eventually essentially dropped film for the other arts. Lollobrigida was born on July 4, 1927 in Subiaco, a picturesque hill town near Rome, where her father was a furniture maker. Lollobrigida began her career in beauty contests, posing for the covers of magazines and making brief appearances in minor films. On her website, Lollobrigida recalled how her family lost its house during the bombings of World War II and went to live in Rome.
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