LIVE MARKETS-When it came to cutting-edge themes, Mag 7 still ruled the roost in 2024

Reuters
01-01
LIVE MARKETS-When it came to cutting-edge themes, Mag 7 still ruled the roost in 2024

Main U.S. indexes now red: Nasdaq off most, down ~0.9%

Tech weakest S&P sector; Energy leads gainers

Euro STOXX 600 index up ~0.6%

Dollar, gold gain; crude up >1%; bitcoin rallies >1.5%

U.S. 10-Year Treasury yield rises to ~4.58%

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WHEN IT CAME TO CUTTING-EDGE THEMES, MAG 7 STILL RULED THE ROOST IN 2024

With the AI revolution ramping up, a number of disruptive ETF investment themes were certainly at the forefront of investors' minds in 2024.

That said, with this year's trading about to come to a close, the Magnificent Seven group is leading a pack of ETFs that allow investors to explore new frontiers:

ETF THEME

RIC

YTD CHANGE

RoundHill Magnificent Seven ETF

MAGS.O

+64%

Defiance Quantum ETF

QTUM.O

+50%

Ark Space Exploration and Innovation ETF

ARKX.K

+27.8%

SPDR S&P 500 ETF

SPY.P

+23.3%

iShares Future AI & Tech ETF

ARTY.K

+7.7%

ROBO Global Robotics and Automation ETF

ROBO.K

-1.7%

Global X Autonomous and Electric Vehicles ETF

DRIV.O

-6.4%

However, when just looking at the last three months or so of the year, there have been some relative strength shifts:

Both the Quantum Computing and Space Exploration ETFs are actually outperforming the Magnificent Seven ETF over this period.

Traders will now be watching to see if this momentum carries over into 2025, as investors attempt to "boldly go where no one has gone before."

(Terence Gabriel)

*****

FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:

TURNING DOWN THE THERMOSTAT: HOME PRICE GROWTH POSTS YEAR-ON-YEAR COOLDOWN - CLICK HERE

WALL STREET OPENS LAST 2024 SESSION HIGHER - CLICK HERE

S&P 500 INDEX: YEAR-END STUMBLE STAINS OTHERWISE STRONG YEAR - CLICK HERE

ISRAEL SHARES EMERGE AS UNLIKELY WINNERS OF 2024'S STOCK SURGE - CLICK HERE

GAS WARNING - CLICK HERE

A SAFE HAVEN YEN IN A STORMY 2025? - CLICK HERE

THIN NEW YEAR'S EVE TRADING - CLICK HERE

BEFORE THE BELL: NO SANTA FOR 2024, FTSE FUTURES DIP - CLICK HERE

Cutting EdgeThemeETFs12312024 https://tmsnrt.rs/41X4vBX

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