Business

Momentum Stocks Plunge in S&P 500 Performance

Updated 2026-06-29 10:10 UTC 1 source Negative

The S&P 500 underperformed its equally weighted counterpart by 350 basis points last week, with the Magnificent Seven stocks experiencing their fourth worst performance in 22 years. Analysts predict a 70% chance of similar outcomes in future.

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MarketWatch

Magnificent Seven slump sent momentum stocks to their fourth worst performance in 22 years. Here’s what happens 70% of the time.

The S&P 500 underperformed its equally weighted counterpart by 350 basis points last week

2026-06-29 10:05 UTC