00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Magnificent Seven have shifted from leading the equity market to weighing on performance
00:06as 2026 begins, according to Benzinga. From the start of the year through January 14th,
00:13five members are in negative territory, while only Alphabet and Amazon are higher.
00:18The group is down an average of 1.7% year-to-date,
00:22and the Roundhill Magnificent Seven ETF has fallen 2.5%.
00:25The S&P 500 is up 0.7%, reflecting its reliance on mega-cap tech,
00:32which still accounts for more than 35% of index weighting.
00:36An equal-weighted S&P 500 is up 3.3%.
00:40Investors reduced exposure to growth-focused tech stocks late last year and shifted money
00:45into undervalued stocks, pressuring the NASDAQ 100. Some analysts view the recent pullback as
00:51a temporary pause rather than a deeper decline ahead of fourth-quarter earnings.
00:55For all things money, visit Benzinga.com.
