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Story summary
- The U.S. economy shows weakness with rising prices and a stagnant job market.
- The stock market thrives on the Magnificent 7—Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla.
- These firms account for over a third of the S&P 500's value.
- While high-income consumers maintain spending, overall consumer sentiment has declined.
- The future hinges on whether these tech giants can generate enough revenue to support their capital expenditures.
