News: SVW LIVE MARKETS-Magnificent Seven: Megacaps sport heavy short interest

	  U.S. indexes mixed; Dow gains slightly, S&P 500, Nasdaq 

dip

	  FOMC rate decision expected at 2 pm ET 

	  Energy weakest S&P 500 sector; comm services leads gainers 

	  Dollar edges red; crude down >3%, bitcoin down >4%; gold 

up

	  U.S. 10-Year Treasury yield edges dips to ~4.65% 

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

MAGNIFICENT SEVEN: MEGACAPS SPORT HEAVY SHORT INTEREST Short interest in the so-called Magnificent Seven group of heavyweights - Apple AAPL.O , Microsoft MSFT.O , Amazon.com AMZN.O , Meta Platforms META.O , Nvidia NVDA.O , Alphabet GOOGL.O and Tesla TSLA.O - has been increasing in 2024 despite the Nasdaq .IXIC rising over 5% for the year, S3 Partners' latest report said.

The seven stocks make up for nearly 30% of the benchmark S&P 500 .SPX , according to LSEG data.

The group's combined short interest was $127 billion, or 12% of the $1.08 trillion of total short interest of the U.S. market, S3 Partners said.

The current $127 billion short interest is a historical high for the group. Over the past five years, short interest in the seven stocks averaged $86 billion with a low of $57 billion in 2022, the analytics firm added.

"Short interest in the Magnificent 7 stocks will always be high it represents an easy and cheap way to hedge the tech aspect of a portfolio," said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.

Tesla and Apple are the only two profitable year-to-date shorts of the seven, up $5.6 billion and $2.4 billion, respectively.

Meanwhile, Nvidia, Meta and Amazon.com lagged with fetching mark-to-market losses of $9.8 billion, $2.3 billion and $2.1 billion year-to-date for bearish investors.

(Medha Singh)

	 ***** 
	FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:	 

BOFA CLIENTS STEPPED BACK INTO STOCKS LAST WEEK - CLICK HERE

FED DAY DATA MAELSTROM: JOLTS, ADP, PMI, ET AL - CLICK HERE

U.S. INDEXES MOSTLY DIP EARLY AFTER WEAK ECONOMIC DATA - CLICK HERE

A NOD TO INFLATION, BUT TOO SOON FOR FED TO TALK RATE HIKES - CLICK HERE

BENCHMARK TREASURY YIELD: TRADERS BRACE FOR RANGE RESOLUTION - CLICK HERE

24 STOCKS TO OWN, IF YOU BET ON BETTER MACRO IN EUROPE - CLICK HERE

WHAT WOULD IT TAKE FOR MARKETS TO PRICE A US RATE HIKE? - CLICK HERE

GLOBAL M&A CROSSES $1 TRILLION; GOLDMAN NABS TOP SPOT - CLICK HERE

TRUMP, INFLATION, THE FED AND THE DOLLAR - CLICK HERE

EUROPE: AN OUTPERFORMANCE WITH LITTLE LOVE - CLICK HERE

FTSE TICKS HIGHER, EARNINGS IN FOCUS - CLICK HERE

FTSE FUTURES FLAT AS TRADERS MULL FED DIRECTION - CLICK HERE

FED DAY FOCUS IS ON WHAT JAY SAYS - CLICK HERE