SPY News: Nvidia helped the stock market storm back, but this summer’s broadening theme never went away - 21st Aug 2024, 2:39am

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The S&P 500 (^GSPC) is back near all-time highs.

A recent rally in tech, including a nearly 30% pop in Nvidia (NVDA), has helped bring the index up more than 7% since its Aug. 5 bottom.

In that time, the "Magnificent Seven" tech stocks — Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA) — have added more than $1.4 trillion in market cap, nearly half of the S&P 500's $3.2 trillion market cap gain since Aug. 5.

After a ...

>>> Read more: Nvidia helped the stock market storm back, but this summer’s broadening theme never went away
 
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