While Bloomberg Intelligence is forecasting the Magnificent Seven’s earnings growth — Meta Platforms (META), Microsoft (MSFT), Alphabet (GOOGL, GOOG), Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA) — to drop from 2024’s 34% to 18% in 2025, will the group of tech stocks be as pivotal for the S&P 500 (^GSPC) in the new year? “They’re obviously important for the market, but they’re not critical for the market’s success. And we see signs that earnings growth is set to broaden out as we head into 2025,” J.P. Morgan Private Bank US Head of Investment Strategy Jake Manoukian tells Seana Smith and Brad Smith on the Morning Brief. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
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