The “wonderful 7” stocks have the worst quarter in more than two years

On Tuesday, the sale of the stock market had a familiar flavor for the market that has been seen so far this year.

Six of “Seven” shares – NVIDIA shares (Nvda), Tesla (Timing), The alphabet (Googand Googl), Amazon (amzn), Meta (Dead), And microsoft (Msft) – All of this is less than the performance of the S&P 500 (^Gspc)) About 1 % decrease.

The contrast is the continued direction that was seen during the year 2025. Two years after the leading stock gatherings, the largest technology companies in the market now lead the main indexes. With only two weeks remaining in the quarter, The Magnificent Seven is the worst performance against the S&P 500 since the fourth quarter of 2022.

On Tuesday, Meta became the last group that turned into negative on a general basis, as it brutally decreased last month about 0.5 % in 2025. NVIDIA, Apple and Google are all less than 14 % so far this year, while Tesla’s Tesla’s I witnessed an extraordinary sale The stocks watered more than 44 % of their value.

Last week, David Costin, the chief American stock strategy in Goldman Sachs, reviewed his goal at the end of the year, as the goal of S&P 500 was less than 6500 to 6200.

As of March 11, Costin noted that more than half of the S&P 500 clouds can be attributed to the decline in the leaders of the seven markets, which has been flagrant since 2024, when more than half of the market gains came from those stocks themselves.

The collapse comes in the most popular trade in the past two years, as investors restore their growth expectations. Fears of the slowdown in economic growth and the impact of President Trump’s identification policies have been affected by the market as a whole. Meanwhile, Big Tech has faced increasing criticism of investors about her artificial intelligence spending and whether or not it will eventually turn into future profits or not. The year also included huge clouds in some large technology names, including NVIDIA, After release the artificial intelligence model is cheaper than the Chinese company Deepseek.

The S&P 500 problem lies in the fact that if the large technology shares that decrease more than 493 other shares are, the supity of the maximum wonderful market in Seven will lead to a decrease in the rest of the index. The stock mix is ​​about 30 % of the maximum S&P 500 market, not far from the peak of the mid -30 % in the group seen in 2024.

During the past month, the equal s & p (^SPXEW), Which is not excessively affected by the great swing in the big stocks-surpassed the weighted market index (^Gspc) By 4 percentage points, which also reflects the amount of recent procedures in the sale that has become the largest market names.