📈 Market Cap Growth Trends of Magnificent Seven from January to September 20, 2024

The combined market capitalization of the Magnificent Seven stocks declined from its peak of $17.0 trillion on July 10, 2024, to $14.5 trillion by the first week of September. However, following a half-point rate cut by the Federal Reserve on September 18, the market cap rebounded to $15.8 trillion in the third week of September.

Market capitalization changes (Year-to-date as of September 20, 2024):

1. NVIDIA: 133.1%

2. Meta (Facebook): 56.4%

3. Amazon: 27.5%

4. Apple: 15.9%

5. Microsoft: 15.8%

6. Alphabet (Google): 15.5%

7. Tesla: -3.8%