Since July 8, Nasdaq, Wall Street’s tech-heavy index of 100 shares, including the so-called magnificent seven (Mag 7) of Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla, has traded little changed around 2,270 points. Meanwhile, the Russell 2000, a small-cap index, has surged more than 12%, according to the charting platform TradingView.
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