Big Tech stocks weigh on S&P 500

Big Tech stocks were weighing on the S&P 500 index on Monday, with the megacap chip maker Nvidia Corp. posting the sharpest losses.

The Roundhill Magnificent Seven ETF — which holds seven Big Tech stocks including Nvidia Corp., Apple Inc., Microsoft Corp, Google parent Alphabet Inc., Amazon.com Inc., Tesla Inc. and Facebook parent Meta Platforms Inc. — was down 1% Monday, according to FactSet data, at last check. Nvidia had the biggest declines in the portfolio, down 2.7% on Monday afternoon.