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Tesla and Nvidia lead premarket losses in Magnificent Seven stocks

Published 10/04/2025, 10:02
© Reuters
MSFT
-0.59%
GOOGL
1.16%
AAPL
-0.26%
AMZN
-0.39%
NVDA
1.02%
TSLA
1.94%
META
-0.20%

Investing.com -- Tesla (NASDAQ:TSLA) and Nvidia (NASDAQ:NVDA) are leading the premarket downturn in the group of stocks known as the Magnificent Seven. This comes after a significant rally on Wednesday, which now appears to be taking a pause.

On Wednesday, the U.S. stock markets experienced a dramatic shift when President Donald Trump announced a temporary halt on some of his most severe tariffs. This announcement resulted in the S&P 500 Index recording its largest single-day gain since 2008.

This sudden surge in the markets also had a positive impact on the world's wealthiest individuals. The world's 500 richest people saw their wealth increase by an average of 3.5% due to the rally.

However, among the Magnificent Seven stocks, several are experiencing premarket losses. Tesla's stocks are down by 2.8%, while Nvidia's stocks have decreased by 2.7%.

Other companies in the group, including Meta (NASDAQ:META), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), and Microsoft (NASDAQ:MSFT), are also down, with losses ranging from 1.7% to 2.2%.

The downturn appears to be a temporary pause following Wednesday's rally.

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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