Magnificent Seven ETF rises as markets weigh Fed hike, oil and Treasury yields

  • MAGS gained more than 1% as technology shares outperformed, while the Nasdaq 100 rose 1.7% and semiconductor stocks gained 3.1%.
  • The Fed raised rates 25 basis points to 3.75%-4%; the 10-year Treasury yield ended at 4.995%, and Brent crude briefly approached $110 a barrel.
  • Sixteen of 18 policymakers projected another increase this year, while bond markets priced a 4.74% policy rate by end-2027 and AI and company developments remained market themes.

U.S. stocks ended a volatile week mixed after the Federal Reserve unanimously raised its benchmark rate by 25 basis points, its first increase since 2023, to 3.75%-4%. The Dow Jones Industrial Average fell about 0.2% Friday to 51,682.64 for a third consecutive weekly decline, while the S&P 500 rose 0.2% to 7,650.50 but recorded a second consecutive weekly loss; the Nasdaq Composite gained about 0.4% for the week after a late technology rally. The Nasdaq 100 advanced 1.7% Thursday as semiconductor stocks surged 3.1%. Sixteen of 18 policymakers projected at least one further increase this year, while a separate bond-market snapshot priced a 4.74% Fed policy rate by the end of 2027, implying an additional 22-basis-point hike this week. The 10-year Treasury yield ended at 4.995%, the 2-year yield at 4.741%, and Brent crude briefly neared $110 a barrel before falling below $100. The Roundhill Magnificent Seven ETF (MAGS), holding Nvidia, Meta, Microsoft, Tesla, Alphabet, Apple and Amazon, gained more than 1% and was on pace for a fourth consecutive winning week. AI valuations, safety concerns and company-specific developments also remained in focus.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.