Magnificent Seven drags stocks lower: Top takeaways
Magnificent Seven drags stocks lower: Top takeaways
The three major US stock indexes (^GSPC, ^DJI, ^IXIC) closed lower on Wednesday. The Magnificent Seven led the drop, with powerhouse Nvidia (NVDA) losing over 3.5% at close. Those seven stocks have become a significant part of the S&P 500, meaning their losses and gains can have an outsized impact on the index. Traders are also contending with "bumpy" earnings and inflation data.
Yahoo Finance Reporter Josh Schafter joins Market Domination Overtime to …