NYSEARCA:MAGS - NYSE Arca - US53656G4982 - ETF - Currency: USD
The EU chief’s comments come on the heels of Facebook-parent Meta being fined €200 million after the European Commission ruled that the company’s ‘Consent or Pay’ model was in violation of its rules.
Facebook-parent Meta Platforms maintains that its current model not only complies with EU tech regulations but “goes well beyond them.”
Stocks are taking an upbeat tone amid hopes for Fed rate cuts and the Israel-Iran ceasefire.
The S&P 500 index growth sans the Magnificent 7 stocks is almost negligible over the last 10 years, as their market cap dominates the index.
If Donald Trump's plan for $1,000 government-funded investment accounts for babies go through, this is the Mag 7 stock Benzinga readers would pick to invest in.
Investors will be watching for updates on the labor market and President Trump's trade war as markets turn the page on a historically strong May.