Investing.com -- Nvidia (NASDAQ:NVDA) led a decline in the Magnificent Seven stocks on Monday, marking a cool down in the tech rally that had seen the Nasdaq 100 advance for four consecutive days. The slowdown is attributed to uncertainties surrounding trade policy and the future direction of the economy.
Nvidia’s shares fell by 1.5%, the most significant decline among the Magnificent Seven, which also includes Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Meta (NASDAQ:META), and Tesla (NASDAQ:TSLA). Amazon’s shares fell by 1.4%, Microsoft’s by 0.9%, Apple’s and Alphabet’s both by 0.8%, Meta’s by 0.7%, and Tesla’s by 0.5%.
The Nasdaq 100 futures also fell by 0.9%, following a gain of 3.5% in the previous four sessions. This indicates a pause in the tech rally, which had been steadily advancing for several days.
In addition to the tech stocks, shares in media-exposed companies are also facing significant pressure. This follows an announcement by President Trump of plans to impose a 100% tariff on films produced overseas. This move is expected to impact the profitability of these companies, leading to a decline in their share prices.
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