📈 Magnificent Seven Market Cap Rebounds to $17 Trillion in November 2024

The combined market capitalization of the "Magnificent Seven"—Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla—reached $17.0 trillion on November 29, 2024.

Key milestones for their market capitalization in 2024 include:

·     July 10: Peak of $17.0 trillion

·     August 5: Drop to $14.1 trillion

·     August 21: Recovery to $15.8 trillion

·     September 6: Dip to $14.5 trillion

·     September 30: Rise to $16.0 trillion after a Fed rate cut

·     October 7: Decline to $15.7 trillion

·     October 29: Increase to $16.7 trillion

·     October 31: Drop to $16.0 trillion

·     November 8: All-time high of $17.1 trillion

·     November 15: Retreat to $16.7 trillion

·     November 22: Stabilization at $16.2 trillion

·     November 29: Rebound at $17.0 trillion

Year-to-date, the "Magnificent Seven" have delivered an impressive 41% gain, significantly outperforming the broader S&P 500's 26.5% increase and the remaining index components' 21.2% rise.