The S&P 500 (SNPINDEX: ^GSPC) soared 15.9% in the first half of 2023, and the index is now just 5% below its all-time high. Seven stocks, dubbed the "Magnificent Seven" by Wall Street, accounted for 73% of those gains. In other words, they are almost single-handedly driving the S&P 500 toward bull market territory.

Investors familiar with the FAANG stocks will recognize many of the Magnificent Seven. The group includes:

Those seven companies are collectively worth more than $11 trillion -- here's what investors should know.

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Source Fool.com