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Big Tech’s Cause for Hope: Link Between Mag 7, S&P 500 Is Broken
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FinBERT analysis of financial text showing neutral sentiment with 94.1% confidence.
Sentiment
Neutral
AI Confidence
94%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The correlation between an index tracking the so-called Magnificent Seven and the equal-weighted version of the S&P 500, which more accurately reflects the full performance of all the stocks by removing the weighting of the biggest companies, turned negative on Feb. 23, an indication that they were becoming untethered. Since then, the correlation has continued to fall as the war in Iran disrupts markets and sparks a jump in oil prices. “We’ve never had a tech cycle move this quickly,” said Daniel Newman, chief executive officer of the Futurum Group.
Original article published by
Yahoo Finance
on March 22, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.