Big Tech stocks kick off week under pressure
An exchange-traded fund that holds the Big Tech stocks collectively known as the Magnificent Seven was down Monday afternoon, with Tesla Inc. falling the most among the group.
Shares of the Roundhill Magnificent Seven ETF — which holds Tesla, Facebook parent Meta Platforms Inc., Amazon.com Inc., Google parent Alphabet Inc., Microsoft Corp., Apple Inc. and Nvidia Corp. —were falling 0.5% in afternoon trading, according to FactSet data, at last check.
Tesla’s stock was slumping 1.8%, making it the worst-performing stock in the ETF’s portfolio in Monday’s trading session, according to FactSet data. Nvidia was the sole stock held by the fund that was in positive territory, with a gain of 1.8%, FactSet data showed Monday afternoon.