Magnificent Seven loses allure with soft landing in focus

News Snapshot:

Below is a roundup of where the seven largest stocks in the S & P 500 by market value — Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Tesla and Facebook owner Meta Platforms — stand heading into 2024. Apple Apple has soared nearly 50 per cent this year to a record, pushing its market value to $US3 trillion, greater than any other company in the world. The bulls say there’s still room to run, in part because of its market-leading position. “Even though it seems incomprehensible at this moment, I think Apple will continue to grow until there’s a replacement...