The so-called Magnificent Seven stocks, which have helped power the market’s dominant returns the past two years, were feeling the pain. Shares in chip maker Nvidia tumbled 3.3% ahead of Monday’s opening bell, while EV manufacturer Tesla dropped 2.8%. Other members of the group fell by about 1% in premarket trading, and Roundhill’s Magnificent Seven exchange-traded fund was down 1.5%.
The Magnificent 7 Stocks Tumble. Investors Are Rattled.
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