IVV rose 0.3% today. PayPal Holdings stock was the top performer in the S&P 500, rising on a report indicating the company is attracting takeover interest. Meanwhile, the "Magnificent Seven" technology stocks have experienced a slump that is dragging down the broader S&P 500. According to reports, hedge funds accumulated positions in IVV, SPY, and QQQ during the fourth quarter, along with increased buying in Eli Lilly stock. The Magnificent Seven, which refers to major technology companies and AI hyperscalers, has raised concerns about both the stock market and the economy.
Read full analysisIVV rose 0.3% today. PayPal Holdings stock was the top performer in the S&P 500, rising on a report indicating the company is attracting takeover interest. Meanwhile, the "Magnificent Seven" technology stocks have experienced a slump that is dragging down the broader S&P 500. According to reports, hedge funds accumulated positions in IVV, SPY, and QQQ during the fourth quarter, along with increased buying in Eli Lilly stock. The Magnificent Seven, which refers to major technology companies and AI hyperscalers, has raised concerns about both the stock market and the economy.
IVV is BlackRock's iShares Core S&P 500 ETF, one of the largest and most liquid exchange-traded funds tracking the S&P 500 index, providing broad exposure to roughly 500 of the largest U.S. companies. As a market-cap-weighted index fund, its performance is driven almost entirely by broad market forces rather than any stock-specific factors. Its heavy weighting toward mega-cap tech stocks — the so-called Magnificent Seven — makes it sensitive to the Big Tech underperformance theme that has defined early 2026 trading.