Mag 7 Stocks Tracking Second-Largest Daily Gain in Market Value

The group of megacap tech stocks that is made up of Apple, Amazon.com, Tesla, Microsoft, Nvidia, Alphabet, and Meta Platforms was on pace for its second-largest one-day market cap gain; the group added $1.85 trillion in market cap on April 9 when President Donald Trump paused his “reciprocal tariffs” beyond 10% for 90 days.

The Roundhill Magnificent Seven ETF, which offers exposure to the group, was up 5.6% to $50.58. That would be its highest close since Feb. 28. It’s now only down 13% from its Dec. 17 record close.