Tesla and Nvidia lead premarket losses in Magnificent Seven stocks

Published 10/04/2025, 10:02
© Reuters

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.