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from24/7 Wall St.
4 hours agoLive Nasdaq Composite: Markets Walk Tightrope Ahead of Tech Earnings, Fed Decision
Tech earnings season is pivotal, with the Nasdaq's performance hinging on Fed decisions and major tech company reports.
The new year has so far not been kind to the share price of Big Tech stocks, particularly the so-called Magnificent 7. These seven companies-Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla-are America's tech crown jewels. Combined, they have their hands in the hottest areas of tech, including artificial intelligence, mobile computing, chipmaking, and transportation. Yet all of these tech companies have seen their share prices decline since the beginning of the year.