Magnificent 7 Stocks Live: Trade Talks Lead To Spiking Share Prices
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The Magnificent 7 Could See Even More Upside
While today’s 1,000-point Dow rally has been impressive, similar days may be ahead.
When the U.S. and China meet again in the next few weeks, they’ll work out a bigger agreement on trade. While nothing has been set in stone with that just yet, markets are still celebrating today’s trade breakthrough.
Here’s where that currently stands.
Under the 90-day pause, both countries lowered tariffs by 115 percentage points to 10%. The 20% fentanyl-related tariff from the U.S. remains in place, so most Chinese goods face a 30% rate in total, down from 145% previously, as noted by CNBC.
The Magnificent 7 Are Just Starting to Rally Back
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 | AAPL Price Prediction) 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.
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
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