Magnificent 7 Stocks Live: Trade Talks Lead To Spiking Share Prices

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The Magnificent 7 Are Just Starting to Rally Back

10:50 am

As of May, the Magnificent 7 lost about $6 trillion in value since their peak in late 2024.

Also, at its trough, the Roundhill BIG Tech ETF (NASDAQ: MAGS) – which tracks the Magnificent 7 plummeted from about $56 to a low of $39. However, thanks to the latest U.S.-China news, the ETF is quickly rebounding higher.

Making the Mag 7 even more attractive, analysts believe they can easily beat the S&P 500 in earnings this year. Plus, with valuations off their 2024 peaks, investors are coming back to the table to feast.

The U.S. and China have finally agreed to a temporary – but significant easing of tariffs.

In fact, according to U.S. Treasury Secretary Scott Bessent, U.S. tariffs on China will drop 115 percentage points to 30%. China’s levies on U.S. imports will drop to 10%.

More information on specifics can be found in the Joint Statement on U.S. China Economic and Trade Meeting in Geneva at WhiteHouse.gov.

As a result of the agreement, the Dow Jones is up about 1,050 points. The NASDAQ is up 663, as the S&P 500 adds 156 points. Even better, it’s boosting the Magnificent 7 stocks.

• Apple (NASDAQ: AAPL) is up 5.6%, or $11.25.
• Microsoft (NASDAQ: MSFT) is up 1%, or by $4.80.
• Alphabet (NASDAQ: GOOG) is up about 3%, or by $4.71.
• com (NASDAQ: AMZN) is up 7.4% or by $14.55.
• Nvidia (NASDAQ: NVDA) is up 4%, or by $4.80.
• Meta Platforms (NASDAQ: META) I up 6.5%, or by $38.73.
• Tesla (NASDAQ: TSLA) is up 7%, or by $21.23.

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