From Yahoo Finance: 2025-04-01 11:16:00

The “Magnificent Seven” stocks took a hit in the first quarter, with the Bloomberg Magnificent Seven Index dropping 16%, wiping out $2.4 trillion in market cap. Tesla was the worst performer, down 36%, followed by Nvidia (-17%), Alphabet (-18%), Amazon (-14%), Microsoft (-11%), and Apple (-9%). Only Meta managed to outperform the S&P 500 for most of the quarter. Company-specific factors contributed to the sell-off, such as Tesla’s global sales decline and Nvidia’s disappointing annual event. Trump tariff fears also impacted Apple’s shares. To revive the trade, market needs to see earnings rise and prices consolidate. 1. The stock market experienced a significant drop today, with the Dow Jones Industrial Average falling by 500 points due to concerns over rising inflation and interest rates.

2. A new study has revealed that 75% of Americans have received at least one dose of the COVID-19 vaccine, marking a major milestone in the country’s vaccination efforts.

3. The United Nations reported that global carbon dioxide emissions reached a record high in 2021, with a 6% increase compared to the previous year, highlighting the urgent need for more aggressive climate action.

4. The latest job report showed that the U.S. economy added 500,000 jobs in the month of October, surpassing expectations and indicating a positive trend in the labor market recovery.



Read more at Yahoo Finance: What ‘Magnificent 7’ stocks need to show to revive the trade