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Investing.com -- The Magnificent Seven, a group of prominent stocks, is experiencing an uptick in premarket trading on Tuesday. This comes as a rebound after a heavy sell-off triggered by President Donald Trump’s critique of Jerome Powell’s interest-rate policy.
Tesla (NASDAQ:TSLA), the electric vehicle manufacturer, is seeing a slight increase in its shares, with a 0.6% rise. The company is due to release its first-quarter results on Tuesday afternoon, amidst queries about its ability to achieve its objective of boosting annual sales.
Other stocks in the Magnificent Seven, including Alphabet (NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Meta (NASDAQ:META), are also trading higher, exhibiting a roughly 1% increase.
The Bloomberg Magnificent 7 index, a measure of these stocks that assigns equal weight to each, has seen a 25% decline this year. This follows a significant 67% rise in 2024.
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