Here's how much the 'magnificent seven' contributed to may's stellar stock-market gains
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The "sell-in-May" crowd took its lumps last month, with the S&P 500 rising 6.15%, returning 6.29% when you throw in dividends, according to S&P Dow Jones Indices. It
couldn't have done it without the so-called Magnificent Seven cohort of megacap tech stocks. Howard Silverblatt, senior index analyst at the firm, provided his usual end-of-month tape
rundown. He noted that the S&P 500's May total return of 6.29% would have been just 2.72% without the Magnificent Seven. For the year-to-date, however, the Magnificent Seven have
been a drag. The S&P 500 gain since the end of last year is 1.06%, but would have been 2.28% without the Magnificent Seven.