US Magnificent 7 stocks fall pre-market, Microsoft down 0.3%, Tesla down 0.4%, Apple down 0.5%, Alphabet down 0.6%, Nvidia down 0.7%, Meta down 0.8%, Amazon down 0.9%.
Pre-market trading on September 2, 2025, saw a notable decline among the US Magnificent 7 stocks, with Microsoft (MSFT), Tesla (TSLA), Apple (AAPL), Alphabet (GOOG), Nvidia (NVDA), Meta Platforms (META), and Amazon (AMZN) all experiencing drops. Microsoft fell by 0.3%, Tesla by 0.4%, Apple by 0.5%, Alphabet by 0.6%, Nvidia by 0.7%, Meta by 0.8%, and Amazon by 0.9%.
The decline was driven by a combination of factors, including geopolitical tensions and market sentiment. US Treasury Secretary Scott Bessent's comments on the potential resolution of trade jitters between the US and India, while expressing confidence in the two countries' ability to resolve issues, may have initially spurred a rally in export-oriented stocks. However, the subsequent criticism of India's imports of Russian oil and the broader geopolitical climate likely contributed to the pre-market sell-off.
The sector-specific performance varied significantly. Tech giants like Microsoft, Alphabet, and Amazon, which have been beneficiaries of the AI boom, saw their shares drop as investors reassessed their growth prospects. Meanwhile, Apple, which has been a consistent performer, also felt the market pressure. Tesla, known for its volatile stock performance, experienced a notable decline, likely influenced by ongoing regulatory and environmental concerns.
The broader market sentiment was also impacted by the performance of other tech stocks and ETFs. For instance, Snowflake's (SNOW) strong Q2 performance and AI data cloud momentum led to a significant increase in its related ETFs [3], potentially drawing attention away from the Magnificent 7. Quantum computing stocks also saw gains, indicating investor interest in emerging technologies.
In conclusion, the pre-market decline among the US Magnificent 7 stocks reflects a mix of geopolitical uncertainties, market sentiment shifts, and sector-specific performance. Investors will closely monitor these developments as they continue to shape the financial landscape.
References:
[1] https://www.tradingview.com/news/moneycontrol:477267250094b:0-gokaldas-exports-avanti-feeds-rise-up-to-7-on-us-treasury-secy-s-two-great-countries-will-get-it-solved-remark/
[2] https://finance.yahoo.com/news/3-stocks-could-join-3-084400782.html
[3] https://news.futunn.com/en/post/61346411/us-stock-etf-tracking-snowflake-s-performance-exceeded-expectations-leading
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