Why the 'Mag 7' Have Lagged the S&P 500 So Far in 2026
The seven largest U.S. tech and consumer names, collectively known as the 'Magnificent 7', have posted an equal-weighted average gain of roughly +3.7% year-to-date, trailing the S&P 500's +9.92% rise. Performance is highly bifurcated: Apple and Alphabet lead with double-digit gains, while Microsoft and Tesla are the primary drags. Rising interest-r…