November 20, 2024

Big Tech stocks fall sharply as investors await Nvidia earnings

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Big Tech stocks were falling sharply Wednesday, as investors awaited Nivia Corp.’s quarterly earnings results.

The Roundhill Magnificent Seven ETF, whose portfolio consists of seven Big tech stocks, was down a sharp 1.2%, according to FactSet data, at last check. Tesla Inc., Google parent Alphabet and Amazon.com Inc. had the biggest drops among stocks in its portfolio, with near or around 2%. The remaining four were also trading in the red, including Apple Inc., Microsoft Corp., Meta Platforms Inc. and Nvidia.

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