---
title: "Weekly Recap | MAGS.US +0.82%, closing in on record highs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299518627.md"
description: "MAGS.US rose 0.82% this week to close at $70.46, up from $69.89 at the end of the prior week. The S&P 500 slipped 0.08%, leaving MAGS.US about 0.9 percentage points ahead. The week started soft: after opening at $69.68 on Monday, the ETF drifted lower through Wednesday, touching a weekly low of $69.105. It then gapped higher on Thursday, closing at $70.78, and hit a session high of $71.25 on Friday before easing to $70.46. Weekly amplitude was 3.08%, with total volume of 18.3m units."
datetime: "2026-09-19T07:42:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299518627.md)
  - [en](https://longbridge.com/en/news/299518627.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299518627.md)
generator: "portal-rs"
---

# Weekly Recap | MAGS.US +0.82%, closing in on record highs

## The Week

MAGS.US rose 0.82% this week to close at $70.46, up from $69.89 at the end of the prior week. The S&P 500 slipped 0.08%, leaving MAGS.US about 0.9 percentage points ahead. The week started soft: after opening at $69.68 on Monday, the ETF drifted lower through Wednesday, touching a weekly low of $69.105. It then gapped higher on Thursday, closing at $70.78, and hit a session high of $71.25 on Friday before easing to $70.46. Weekly amplitude was 3.08%, with total volume of 18.3m units. Average daily volume of roughly 3.66m units ran about 5.7% above the median.

## Sector News

News flow around the Magnificent Seven this week centred on AI deployment and cloud expansion. Palantir and Nvidia were reported to be limiting some AI model use on data concerns. Meta drew attention after Manus’s post-split financing valued it at $4bn, followed by Meta’s AI-powered subscription offering, the Mac launch of its Muse app, and talk of it becoming a mega cloud operator. Microsoft featured heavily as well: a partnership with Nokia on network automation, a partial legal win with OpenAI in a software developer suit, and mixed views from top investors—one calling the stock workable, another upgrading Microsoft while keeping Alphabet on the sidelines. Google joined peers in disclosing AI-related hacks over the weekend. Late Friday, market commentary noted cash-return stocks winning back investor favour, with megacaps left behind.

## The Week Ahead

No Magnificent Seven earnings are due next week, but the US data calendar is packed. Tuesday brings the Richmond Fed composite index; Wednesday has EIA crude and Cushing inventories. Thursday is the busiest: initial jobless claims, the current account deficit, new home sales, and natural gas storage. The main question is whether the rotation hinted at late Friday—out of megacap tech and into cash-return stocks—carries through.

## In Short

This week’s tape was up but uneven. MAGS.US fell early, then rebounded strongly, with Friday’s high of $71.25 marking a 60-day range top while the 20-day and 60-day averages sat well below at $69.042 and $67.217. On the latest trading day, large-lot money was a net seller while medium-lot money was a net buyer, and turnover of 5.45% was not quiet. The sector narrative leaned on AI subscriptions, cloud expansion, and legal developments, but the market-wide rotation signal is the variable to watch. The next data points will show whether the shift away from megacap tech gains momentum or fades.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [MAGS.US](https://longbridge.com/en/quote/MAGS.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**