After a sell-off driven by market fears, stocks attempted to rebound on Friday, especially the Dow Jones Industrial Average. Despite this, the S&P 500 and Nasdaq Composite faced declines. Tech stocks, particularly under the 'Magnificent 7,' saw mixed results, with Apple announcing a substantial $500 billion investment in the U.S. over the next four years, boosting market sentiment. In contrast, Tesla's stock fell over 2%, remaining far below its peak amid competition in the EV market, while Rivian saw a downturn of 9% for the day.
After a volatile trading day, stocks are attempting a recovery, particularly the Dow Jones, although other indices like the S&P 500 and Nasdaq remain pressured.
Apple plans to invest $500 billion in the U.S. over the next four years, enhancing sentiment as it aims to boost innovation and advanced technology within the country.
Tesla struggles continue as its stock is down over 2% and remains significantly below its record high, while Rivian Auto faces a 9% decline in market value.
Ongoing market dynamics are reflected in the contrasting performances of 'Magnificent 7' stocks, indicating a broader uncertainty even among leading tech giants.
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