Big Tech stocks drop sharply, weighing on S&P 500’s attempt at weekly gain
Several Big Tech stocks were dropping sharply Friday afternoon, weighing on the S&P 500 index as it struggled to keep its weekly gain. The S&P 500 was down 0.7% Friday, as Google parent Alphabet Inc.
How one ETF provider is trying to help investors cut exposure to Magnificent 7 stocks
Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla.