A Third "Magnificent Seven" Stock Just Broke Below This Key Indicator. Should Investors Be Worried?

The stock market has sold off a little recently, but it has still been an overall excellent start to the year, with the S 500 up 7% as of market close March 6. However, some major stocks are under pressure.

The "Magnificent Seven" -- Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), and Tesla (NASDAQ: TSLA) -- collectively make up 29% of the S 500. The performance of these companies has ripple effects throughout the broader market.

Alphabet, now down 6% year to date, just joined Apple and Tesla in falling below its 200-day moving average. Here's why I'm watching that metric. It's not a buy or sell signal, but it's interesting.

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Source Fool.com