Mag 7 Stocks Still Dominate S&P 500 Despite Earnings Season Disappointment

The Magnificent Seven stocks, comprising Microsoft, Tesla, Amazon, Nvidia, Alphabet, Apple, and Meta Platforms, initially made up 36.9% of the S&P 500's total market cap at the beginning of the year. Despite a bout of weakness during earnings season, the group's market cap share has only decreased slightly to 35.7%. This indicates that the rotation away from Big Tech has had a limited impact on the group's influence over the S&P 500.