From Barron’s.: 2025-05-12 15:07:00

A group of megacap tech stocks, including Apple, Amazon.com, Tesla, Microsoft, Nvidia, Alphabet, and Meta Platforms, saw its second-largest one-day market cap gain on April 9, adding $1.85 trillion. President Donald Trump’s pause on “reciprocal tariffs” beyond 10% for 90 days contributed to the increase.

The Roundhill Magnificent Seven ETF, which provides exposure to the tech group, surged 5.6% to $50.58, marking its highest close since Feb. 28. Despite this increase, the ETF is still down 13% from its record close on Dec. 17.

Read more: Mag 7 Stocks Tracking Second-Largest Daily Gain in Market Value