Magnificent 7 Index Rises 1.26% to 234.71; Amazon Up 4.98%

The dispersion inside the Magnificent 7 is the story here: Amazon and Tesla drove the index while Apple finished slightly lower, so the headline gain masks uneven leadership among mega-caps. Because this basket is a major source of index-level performance, its near-session-high close matters for broader market tone. Whether Amazon's outsized move holds and whether Apple's softness is a one-day blip or the start of a wider split within the group is the open question to watch.