From NASDAQ.: 2024-04-15 07:50:00

Technology stocks, including the “Magnificent Seven” giants, experienced a selloff with the Nasdaq Composite Index ending 1.62% lower due to decreased expectations of Fed rate cuts and rising inflation metrics.

Investors are eyeing Microsoft, Nvidia, Google, Amazon, Meta Platforms, and Tesla to gauge if recent dips present buying opportunities or a sign of further decline.

Microsoft and Nvidia have outperformed the S&P 500 with strong gains but face recent corrections, while Google, Amazon, Meta Platforms, and Tesla are also being closely watched for their market positions and financial performance.

Tesla is in an oversold position ahead of its Q1 earnings, with potential growth catalysts like Robotaxis and FSD platform expected to drive future growth despite recent stock declines. The market will be eagerly awaiting the earnings results to determine whether these tech giants can maintain their leadership roles in 2024.



Read more at NASDAQ.: Magnificent Seven Q1 Earnings: What to Expect