Why Meta Platforms, Amazon, Alphabet, and Other "Magnificent Seven" Stocks Slumped on Friday
GOOGAlphabet(GOOG) The Motley Fool·2024-09-07 04:01

The state of the economy was in focus on Friday, and investors did not like what they saw.The biggest driver of the market rally since early last year has been the proliferation of artificial intelligence (AI). Many of the world's largest companies have been investing heavily to stake their claim in the resulting windfall. However, lurking just behind the scenes are concerns about the state of the broader economy and what it might mean for the short-term direction of the stock market.With that as a backdrop ...