S&P 500 Rally Faces $11T of Big Tech Earnings

News July 28, 2025 at 11:16 AM
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What You Need To Know

  • "The bar is set pretty high," said Michael Arone, chief investment strategist at State Street.
  • Meta, Microsoft and Nvidia account for nearly half of the S&P 500’s gain this year.
  • Magnificent Seven valuations have jumped from the depths of the tariff-induced selloff in April, but they still remain well below peak levels.

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