Surviving the sharp fall in July and August, the familiar Mag 7 is back again?
The stock prices of the seven giant companies in the US have recently performed well, with related ETFs rising 1.7% this week, and even more significantly increasing by about 12% over the past three weeks. Analysis believes that the Mag 7 is still the powerhouse of the US stock market, and in a world full of uncertainties, investing in large companies seems to be a better choice.
The familiar Mag 7 is back again?
The stock prices of the seven giant companies in the US have recently performed well, with related ETFs rising 1.7% this week, and even more significantly increasing by about 12% over the past three weeks. Analysis believes that the Mag 7 is still the powerhouse of the US stock market, and in a world full of uncertainties, investing in large companies seems to be a better choice.
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US PCE inflation cooling solidifies the confidence of the Fed in rate cuts, but US stocks fell in the afternoon, with nvidia dropping nearly 4% at one point. China's stimulus policies drove the Chinese concept index up by 4%, nio inc rose by nearly 13%, pan-European stock indexes and German stocks hit new highs for two consecutive days, luxury goods stocks rose again. The Dow, S&P, and Nasdaq have all risen for three consecutive weeks, with two China-focused ETFs achieving the best weekly gains in history.
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