Stock Market Today: Dow edges up as stocks look to extend Fed rate-cut rally
Shares of an exchange-traded fund that holds seven so-called Big Tech stocks were gaining Monday, driven by Tesla Inc.’s sharp climb.
The Roundhill Magnificent Seven ETF — which owns shares of Tesla, Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc., Nvidia Corp. and Meta Platforms Inc. — was up 0.6% in afternoon trading, according to FactSet data, at last check. Tesla was jumping more than 4%, far exceeding the rise in shares of Amazon and Meta on Monday.
The rest of the Big Tech stocks held by the ETF were down in afternoon trading, FactSet data show, at last check.