U.S.-Japan trade pact; Alphabet, Tesla to report - what’s moving markets
Investing.com -- Tesla (NASDAQ:TSLA) is leading the premarket decline among the Magnificent Seven stocks on Wednesday, as investors anticipate an upcoming tariff announcement from President Donald Trump.
The President is slated to deliver his statement from the White House Rose Garden as US markets close at 4 p.m. on Wednesday.
Several proposals are currently under review, including a tiered tariff system with fixed rates for different countries, as well as a more tailored reciprocal plan.
The Magnificent Seven stocks, also known as Magnificent 7 movers, have seen a decrease in their premarket values.
Tesla has experienced a 1.5% drop, Nvidia (NASDAQ:NVDA) has fallen by 0.8%, Amazon (NASDAQ:AMZN) by 0.6%, Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) both by 0.5%, while Meta (NASDAQ:META) and Apple (NASDAQ:AAPL) have both seen a decrease of about 0.4%.
The Bloomberg Magnificent 7 index, which is an equal-weighted measure of these stocks, has seen a 15% decline this year, following a 67% rise in 2024.
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