By AJ Tiarsmith
Publication Date: 2026-11-04 18:19:00
Democrats flipped Congress and the Magnificent Seven fractured, with five megacaps surging while two of the group’s biggest names moved in the opposite direction. The split points to a rotation that could reshape which companies lead the market through year-end.
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The Magnificent Seven split in two on Wednesday morning, the day after Democrats won control of Congress. As of about 11:15 AM ET on Nov. 4, five of the seven megacap tech stocks were higher, and three of them were up more than 6%. NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and Tesla (NASDAQ:TSLA) were the only two in the red. Many investors own these companies directly or through index funds, and Wednesday was a reminder that the group no longer trades as a single block.
The broader market was rising too. As of 11:26 AM ET, an S&P 500 tracking fund was up 1.35%, while a NASDAQ-100 tracking fund was up 0.87%.
Three Megacaps Jump More Than 6%
The group was led by Amazon (NASDAQ:AMZN), up 6.32% as of about 11:15 AM ET. Microsoft (NASDAQ:MSFT) was up 6.23% and Apple (NASDAQ:AAPL) 6.17%. Alphabet (NASDAQ:GOOGL) was up 3.46% at about 11:30 AM ET, and Meta Platforms (NASDAQ:META) was up 1.69% at…
