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Tesla and ’Magnificent Seven’ stocks dip in premarket amid trade tensions

Published 02/06/2025, 10:50
© Reuters.
MSFT
-0.78%
GOOGL
0.23%
AAPL
3.18%
AMZN
0.39%
NVDA
0.81%
TSLA
0.74%
META
-1.32%

Investing.com -- Tesla (NASDAQ:TSLA), along with six other prominent stocks, known as the ’Magnificent Seven’, edged lower in premarket trading on Monday. This downward trend was also observed in US stock futures, as global trade conflicts and geopolitical uncertainties dampened investor enthusiasm.

The ’Magnificent Seven’ stocks include Alphabet (NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT), in addition to Tesla. Tesla saw a decrease of 2.1%, while Alphabet experienced a 1.3% rise. The remaining five stocks, Nvidia, Meta, Amazon, Apple, and Microsoft, all recorded declines of less than 1%.

On the same day, the Chinese Ministry of Commerce issued a statement opposing the US president’s assertion that Beijing had violated the consensus achieved in Geneva the previous month. This has added to the existing tension in global trade relations.

The effects of these tensions were also evident in the futures market. The S&P 500 and Nasdaq 100 futures both fell approximately 0.5%, reflecting the cautious sentiment among investors.

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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