General
mag7
What does mag7 mean?
The seven trillion-dollar US tech names traders treat as one trade: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla. When the Mag7 sneezes, the S&P catches it, because they're carrying half the index on their backs.
"Breadth is awful — strip out the Mag7 and the market's basically flat YTD."
Origin
Coined by Bank of America analyst Michael Hartnett in 2023, riffing on the 1960 western The Magnificent Seven.
Frequently asked questions
What does Mag7 mean in finance?
It's desk shorthand for the Magnificent Seven US tech mega-caps.
How do you use Mag7 in a sentence?
"Most of the index's gains this year came from the Mag7."
What is the Mag7 short for?
It's short for the Magnificent Seven, a group of the largest US technology stocks.
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