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Magnificent Seven stocks rise in premarket trading amid potential auto tariff pause

Published 15/04/2025, 09:50
© Reuters.
MSFT
0.66%
GOOGL
1.12%
AAPL
-0.27%
AMZN
3.12%
NVDA
0.19%
TSLA
-1.96%
META
0.84%

Investing.com -- The Magnificent Seven stocks, including Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), Amazon (NASDAQ:AMZN), Meta (NASDAQ:META), Tesla (NASDAQ:TSLA), Alphabet (NASDAQ:GOOGL), and Microsoft (NASDAQ:MSFT), are experiencing an upward trend in premarket trading on Tuesday.

This comes as U.S. equity futures also see a rise, and the global stocks are benefiting from a potential pause in auto tariffs hinted at by U.S. President Donald Trump.

Despite this positive news, the Trump administration continues to move forward with plans to impose tariffs on imports of semiconductors and pharmaceuticals.

This action is facilitated by the initiation of trade probes led by the Commerce Department. The aforementioned Magnificent Seven stocks, however, remain resilient, each showing an increase of less than 1%.

The Bloomberg Magnificent 7 index, a measure that equally weighs these seven stocks, has seen a decrease of 18% this year. This follows a significant rise of 67% in 2024.

The current upward trend in premarket trading suggests a potential shift in the market, although the long-term impacts remain to be seen.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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