Laffer Tengler Investments CIO Nancy Tengler in The Wall Street Journal

It’s the Magnificent Seven’s Market. The Other Stocks Are Just Living in It.

Big tech stocks have jumped 75% in 2023—and now make up about 30% of the S&P 500

Big tech stocks reclaimed their position as the market’s leaders this year. Just how far ahead of the pack have they run?
Collectively, the stocks known as the Magnificent Seven—Apple, Microsoft, Alphabet, Amazon.com, Nvidia NVDA 1.12%increase; green up pointing triangle, Tesla and Meta Platforms —have jumped 75% in 2023, leaving the other 493 companies in the S&P 500 in their dust. (Those have risen a more modest 12%, while the index as a whole is up 23%.)