Nasdaq Bear Market: 2 "Magnificent Seven" Stocks Down More Than 20% You'll Wish You'd Bought on the Dip
The Nasdaq-100 index is home to 100 of the largest non-financial companies listed on the Nasdaq stock exchange, including each of the "Magnificent Seven" stocks, which have a combined value of $14.7 trillion:Their size is just one of the reasons Wall Street named these stocks the Magnificent Seven in 2023. Each of the seven stocks has a tendency to outperform the broader market over the long term, and the underlying companies are solidified leaders in their respective industries.On April 2, President Trump announced plans to impose tariffs on all physical products imported into America, which sent investors flocking to safe-haven assets like cash on fears of a global economic slowdown. As a result, the Nasdaq-100 is in the throes of a bear market after plunging by as much as 23% from its February record high.Continue reading
The Nasdaq-100 index is home to 100 of the largest non-financial companies listed on the Nasdaq stock exchange, including each of the "Magnificent Seven" stocks, which have a combined value of $14.7 trillion:
Their size is just one of the reasons Wall Street named these stocks the Magnificent Seven in 2023. Each of the seven stocks has a tendency to outperform the broader market over the long term, and the underlying companies are solidified leaders in their respective industries.
On April 2, President Trump announced plans to impose tariffs on all physical products imported into America, which sent investors flocking to safe-haven assets like cash on fears of a global economic slowdown. As a result, the Nasdaq-100 is in the throes of a bear market after plunging by as much as 23% from its February record high.
