Tech Giants Face Sharp Decline Amid Rising Treasury Yields

Tuesday, 2 April 2024, 14:31

In a surprising turn, Big Tech stocks, including Tesla Inc. and Nvidia Corp., are witnessing significant drops as Treasury yields soar. The market volatility is impacting the Roundhill Magnificent Seven ETF, holding prominent companies such as Alphabet Inc., Amazon.com Inc., Apple Inc., and more. Investors are closely monitoring the situation to gauge the implications in the tech sector.
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Tech Giants Face Sharp Decline Amid Rising Treasury Yields

Big Tech stocks drop sharply as Treasury yields rise

Big Tech stocks known as the Magnificent Seven are mostly falling Tuesday, with Tesla Inc. and Nvidia Corp. seeing the biggest drops.

Shares of the Roundhill Magnificent Seven ETF — which holds Google parent Alphabet Inc., Amazon.com Inc., Tesla, Apple Inc., Nvidia, Microsoft Corp. and Facebook par


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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