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Meta Drives Mag 7 Pop. Chip Wipeout Clobbers Nasdaq.
Barrons.com86d agoneutral
Meta Drives Mag 7 Pop. Chip Wipeout Clobbers Nasdaq.

Meta Platforms led a rally in Magnificent Seven stocks on Wednesday, but the Nasdaq couldn’t overcome a chip stock clobbering. The Nasdaq fell 0.7%. The S&P 500 dropped 0.2%. The Dow fell slightly. Despite the S&P 500's struggles, a majority of stocks actually rose.

The Dow’s Biggest Stock Is Today’s Biggest Drag
Barrons.com87d agoneutral
The Dow’s Biggest Stock Is Today’s Biggest Drag

The Dow would be up nearly 500 points if it weren’t for Caterpillar. Instead, the blue-chip index was up just 44 points, or 0.1%. The S&P 500 was flat. The Nasdaq was down 0.3%. Despite what the big three indexes are saying, most stocks were actually doing quite well on Wednesday.

U.S. Creates 1,200 Millionaires Per Day
24/7 Wall St.87d agoneutral
U.S. Creates 1,200 Millionaires Per Day

UBS has released its “Global Wealth Report 2026.” Among the headline conclusions was that “Nearly one million new millionaires were created in 2025, with the United States accounting for almost half of this growth, with more than 1,200 new millionaires emerging every day. “ The report also showed that the U.S. added 400,000 millionaires last ... U.S. Creates 1,200 Millionaires Per Day

Software Rally Helps Nasdaq Flirt With Breakeven
Barrons.com87d agobullish
Software Rally Helps Nasdaq Flirt With Breakeven

Even the Nasdaq is joining the party. The tech-heavy index briefly turned higher and was down just 0.3% around noon. ET. The S&P 500 was up 0.2%. The Dow was up 300 points, or 0.6%. Chip stocks were still getting crushed, but big gains in software and most of the Mag 7 acted as a counterbalance.