business
'Magnificent 7' stocks are having a dreadful year
Key takeaways
- Quick insight: Longtime Magnificent Seven fans are being reminded of a golden rule when it comes to investing: No stock is indestructible.
- Since peaking in mid-May, Magnificent Seven stocks are down more than 13%, 22V Research strategist Jeff Jacobson pointed out.
- The performance is even worse when looking at the Magnificent Seven names versus their 52-week highs:
'Magnificent 7' stocks are having a dreadful year Brian Sozzi · Executive Editor Mon, June 29, 2026 at 8:43 PM GMT+7 2 min read QQQ GOOGL AMZN ^GSPC NVDA The once high-flying "Magnificent Seven" are looking more like the Dreadful Seven.
Quick insight: Longtime Magnificent Seven fans are being reminded of a golden rule when it comes to investing: No stock is indestructible.
Since peaking in mid-May, Magnificent Seven stocks are down more than 13%, 22V Research strategist Jeff Jacobson pointed out. Both the Invesco QQQ Trust (QQQ) and the S&P 500 (^GSPC) are down only about 2% over that time.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop