Why Magnificent 7 Stocks are Rallying Today: AAPL, AMZN, & More
The first few months of the year have been concerning for the US stock market. There has been no shortage of macroeconomic struggles and geopolitical concerns that have hindered major gains to be had. However, that has changed in a big way this week. Subsequently, a host of Magnificent 7 stocks are surging on Wednesday. Apple (AAPL), Tesla (TSLA), Amazon (AMZN), and more are in the green in a major turnaround for Wall Street. Indeed, the Dow Jones Industrial Index has jumped more than 400 points at the midpoint of the day. So, just why are these shares bouncing back in such a big way? Source: MarketBeat Also Read: US Stock Market Could Plunge 50% After Tariffs Resume US Stock Market Bounces Back as Magnificent 7 Lead The Way This week was always going to be important for the United States’ mega-cap stocks. Tesla (TSLA) was set to unveil its Q1 earnings, with companies like Alphabet (GOOGL) following closely behind. Although the former unveiled less-than-stellar data, the market ha...