Tech giants struggle after Fed-fueled rally, "Magnificent Seven" down 20%, Tesla plummets 50%.

From Yahoo Finance: 2025-03-20 16:01:00

The “Lag Seven” players continue to struggle in the market. Despite a brief comeback fueled by the Federal Reserve, most major tech giants saw losses by late Thursday trading. Nvidia and Meta were exceptions, each rising modestly. However, the “Magnificent Seven” stocks are down about 20% from their 52-week highs, with Tesla plummeting more than 50%.

Michael Kantrowitz, chief investment strategist at Piper Sandler, advises caution in the current uncertain market. He suggests avoiding big risk bets and looking for higher quality, stable investments. With volatility expected to continue, he recommends seeking stability in the midst of market fluctuations.

Read more: Dow, S&P 500, Nasdaq fall after Fed-fueled rally stalls