{"id":497,"date":"2024-02-05T02:04:17","date_gmt":"2024-02-05T02:04:17","guid":{"rendered":"https:\/\/lucarolli.com\/index.php\/2024\/02\/05\/the-magnificent-7-of-wall-street-are-worth-more-than-the-gdp-of-germany-japan-and-india-but-will-the-race-continue\/"},"modified":"2024-02-05T02:04:17","modified_gmt":"2024-02-05T02:04:17","slug":"the-magnificent-7-of-wall-street-are-worth-more-than-the-gdp-of-germany-japan-and-india-but-will-the-race-continue","status":"publish","type":"post","link":"https:\/\/lucarolli.com\/index.php\/2024\/02\/05\/the-magnificent-7-of-wall-street-are-worth-more-than-the-gdp-of-germany-japan-and-india-but-will-the-race-continue\/","title":{"rendered":"The Magnificent 7 of Wall Street are worth more than the GDP of Germany, Japan, and India: but will the race continue?"},"content":{"rendered":"<p>3 February &#8211; 14:03<br \/>\n\u00a9 RESERVED REPRODUCTION<br \/>\nYou can browse with a maximum of 3 devices or browsers. To continue browsing, you must log out of another session.<\/p>\n<p>On mobile, you can browse with a maximum of 2 devices or browsers. To continue browsing, you must log out of another session.<\/p>\n<p>They are worth 12.3 trillion, more than the GDP of Germany, Japan, and India combined. They have driven the S&#038;P500 up by 65% while the other 493 companies have grown by just 20%.<\/p>\n<p>Now analysts have doubts about their sustainability. The Magnificent Seven are back in action, pulling the entire Wall Street Stock Exchange.<\/p>\n<p>They are the leaders of the S&#038;P500 stock index (in alphabetical order): Alphabet, the parent company of Google, Amazon.com, Apple, Meta, the parent company of Facebook, Microsoft, Nvidia, and Tesla. Thanks to them, the S&#038;P500 has reached new highs in recent days.<\/p>\n<p>Since the lows of October 12, 2022, the Magnificent Seven have appreciated by 65%, almost double the 35% performance of the entire index and much more than the 25% of the remaining 493 companies comprising the same index. Thanks to their size &#8211; ranging from Apple and Microsoft&#8217;s $2.9 trillion to Tesla&#8217;s &#8220;mere&#8221; $700 billion &#8211; the Magnificent Seven account for almost a third (28%) of the entire S&#038;P500 index.<\/p>\n<p>If it were only calculated on the arithmetic average of stock prices &#8211; as is the Dow Jones &#8211; it would show a less brilliant performance. If only a few stocks are driving up the S&#038;P500 index, while the majority are declining, it can be a cause for concern.<\/p>\n<p>But in recent months, an increasing number of listed companies have joined the rally: over half of the 500 now have prices higher than those reached in the previous Wall Street peak in January 2022. In 2023 alone, the seven leading stocks have added 5 trillion (5 trillion) dollars to their market value, doubling it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>3 February &#8211; 14:03 \u00a9 RESERVED REPRODUCTION You can browse with a maximum of 3 devices or browsers. To continue browsing, you must log out of another session. On mobile, you can browse with a maximum of 2 devices or browsers. To continue browsing, you must log out of another session. They are worth 12.3 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[210],"tags":[],"class_list":["post-497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-analysis"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/posts\/497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/comments?post=497"}],"version-history":[{"count":0,"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/posts\/497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/media\/496"}],"wp:attachment":[{"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/media?parent=497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/categories?post=497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lucarolli.com\/index.php\/wp-json\/wp\/v2\/tags?post=497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}