5 Stocks Preventing a S&P 500 Correction (Hint: None Are in the "Magnificent Seven")

Is the banal marketplace successful correction territory? It depends connected what you mean by banal market.

The Dow Jones Industrial Average (DJINDICES: ^DJI) and the Nasdaq Composite Index (NASDAQINDEX: ^IXIC) are so successful correction. But, possibly surprisingly, the S&P 500 (SNPINDEX: ^GSPC) isn't (at slightest arsenic of the marketplace adjacent connected Friday, March 27, 2026).

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Over the past fewer years, the alleged "Magnificent Seven" stocks person fueled the S&P 500's awesome gains. However, each 7 stocks person plunged by double-digit percentages twelvemonth to date. If the Magnificent Seven isn't preventing the S&P 500 from slipping into correction territory, which stocks are? Five stocks particularly basal out.

Energy stocks person been sizzling blistery successful 2026. Oil and state prices skyrocketed pursuing the U.S. and Israeli attacks connected Iran. With Iran efficaciously blocking transition done the captious Strait of Hormuz, commodity prices person remained high. Unsurprisingly, the vigor assemblage is the lone S&P 500 assemblage to present double-digit year-to-date gains.

Fortunately for the S&P 500, 2 vigor giants among its apical 20 largest components person been immense winners. ExxonMobil (NYSE: XOM) has the 13th-highest value successful the S&P 500. Chevron (NYSE: CVX) has the 19th-largest weight. Both stocks person soared astir 40% truthful acold this year.

While ExxonMobil and Chevron some operated immense integrated lipid and state operations, their businesses are somewhat different. ExxonMobil's upstream lipid accumulation is present importantly much profitable acknowledgment to higher lipid prices. Chevron benefits from these precocious prices arsenic well, but it's besides charismatic arsenic the largest U.S. earthy state producer.

Inflation was already a interest earlier the Iran conflict. With lipid prices rising, it's an adjacent bigger worry. Higher substance costs could propulsion up prices crossed a wide scope of products. That's atrocious quality for astir stocks. However, it tin really beryllium bully quality for apical user staples stocks similar Walmart (NASDAQ: WMT) and Costco Wholesale (NASDAQ: COST).

Walmart's and Costco's businesses person historically been comparatively resistant to inflation. Consumers who are tightening their purse strings inactive store astatine Walmart and Costco stores due to the fact that they cognize some companies connection debased prices. Investors cognize this, too. That's a large crushed wherefore Walmart's and Costco's stocks were up by much than 10% twelvemonth to day arsenic of the extremity of past week.