The rotation continues with the 5 of 7 Mag 7 stocks lower while the Dow 30 rises. The S&P is little changed:
A look at the closing levels shows:
- Dow Industrial Average rose 326.86 points or 0.68% at 48254.82. It is the first close above 48K
- S&P rose 4.31 points or 0.06% at 6850.92
- Nasdaq fell -61.84 point or -0.26% at 23406.46.
Looking at the Magnificent 7, the declines were led by Meta which tumbled -2.90%, Late buying took the price of Nvidia into positive territory. Microsoft also closed higher by 0.48%.
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Meta Platforms: -2.90%
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Tesla: -2.04%
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Amazon.com: -1.95%
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Alphabet A: -1.56%
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Apple: -0.65%
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NVIDIA: +0.33%
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Microsoft: +0.48%
Meta shares are now down -22.91% from its high closing level.The closing level from 2025 was at $585. The price is getting close to that level at $609.01 after reaching a high closing level at $790.
AMD shares rose $21.37 or 9.0% at $258.89.
This article was written by Greg Michalowski at investinglive.com.
